First United Corporation (FUNC) Director Sells $51,750.00 in Stock
First United Corporation (NASDAQ:FUNC) Director Irvin Robert Rudy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $17.25, for a total transaction of $51,750.00. Following the completion of the sale, the director now owns 35,124 shares in the company, valued at $605,889. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
First United Corporation (FUNC) traded up $0.05 during trading hours on Friday, hitting $17.25. 300 shares of the stock were exchanged, compared to its average volume of 5,816. First United Corporation has a twelve month low of $12.55 and a twelve month high of $18.30. The company has a market cap of $121.91, a PE ratio of 18.55 and a beta of 0.46. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.09.
First United Corporation (NASDAQ:FUNC) last released its quarterly earnings results on Monday, November 13th. The bank reported $0.25 earnings per share for the quarter. First United Corporation had a net margin of 12.80% and a return on equity of 7.39%. The business had revenue of $13.76 million for the quarter.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/first-united-corporation-func-director-sells-51750-00-in-stock/1724276.html.
Large investors have recently added to or reduced their stakes in the company. Western Standard LLC bought a new stake in shares of First United Corporation in the 2nd quarter valued at about $194,000. Northern Trust Corp boosted its holdings in shares of First United Corporation by 4.4% in the 2nd quarter. Northern Trust Corp now owns 72,536 shares of the bank’s stock valued at $1,081,000 after buying an additional 3,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First United Corporation by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 246,846 shares of the bank’s stock valued at $3,690,000 after buying an additional 2,133 shares in the last quarter. Finally, M3F Inc. boosted its holdings in shares of First United Corporation by 1.2% in the 2nd quarter. M3F Inc. now owns 635,638 shares of the bank’s stock valued at $9,471,000 after buying an additional 7,560 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.
First United Corporation Company Profile
First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank), First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It operates through community banking segment.
Receive News & Ratings for First United Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First United Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.