De Lisle Partners LLP Has $3.62 Million Stock Holdings in First United Co. (NASDAQ:FUNC)

De Lisle Partners LLP boosted its holdings in shares of First United Co. (NASDAQ:FUNC) by 9.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,838 shares of the bank’s stock after buying an additional 10,000 shares during the period. De Lisle Partners LLP’s holdings in First United were worth $3,619,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in First United by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 23,713 shares of the bank’s stock valued at $708,000 after acquiring an additional 1,206 shares in the last quarter. American Century Companies Inc. grew its position in First United by 13.2% during the second quarter. American Century Companies Inc. now owns 39,947 shares of the bank’s stock valued at $816,000 after purchasing an additional 4,645 shares in the last quarter. Huber Capital Management LLC grew its position in First United by 4.2% during the second quarter. Huber Capital Management LLC now owns 124,556 shares of the bank’s stock valued at $2,543,000 after purchasing an additional 5,000 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in First United in the 3rd quarter valued at approximately $202,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in First United in the 1st quarter worth approximately $209,000. 33.27% of the stock is owned by institutional investors and hedge funds.

First United Stock Performance

Shares of FUNC stock opened at $35.56 on Thursday. First United Co. has a fifty-two week low of $18.05 and a fifty-two week high of $35.89. The stock’s 50-day moving average is $31.81 and its two-hundred day moving average is $26.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $230.07 million, a P/E ratio of 14.44 and a beta of 0.78.

First United (NASDAQ:FUNC) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $28.17 million for the quarter, compared to the consensus estimate of $20.30 million. First United had a return on equity of 12.20% and a net margin of 14.70%. Analysts predict that First United Co. will post 3.11 earnings per share for the current fiscal year.

First United Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, January 17th. First United’s payout ratio is presently 35.77%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of First United from a “hold” rating to a “buy” rating in a report on Monday, October 7th.

First United Company Profile

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit.