First United Co. (NASDAQ:FUNC) Director Irvin Robert Rudy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $17.25, for a total value of $51,750.00. Following the transaction, the director now directly owns 35,124 shares in the company, valued at approximately $605,889. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
First United Co. (NASDAQ:FUNC) remained flat at $$17.20 during midday trading on Wednesday. The stock had a trading volume of 10,600 shares, compared to its average volume of 5,841. 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 Co. has a 52 week low of $12.55 and a 52 week high of $18.30. The stock has a market cap of $121.56, a PE ratio of 18.50 and a beta of 0.46.
First United (NASDAQ:FUNC) last released its quarterly earnings results on Monday, November 13th. The bank reported $0.25 earnings per share (EPS) for the quarter. First United had a return on equity of 6.53% and a net margin of 14.64%. The firm had revenue of $13.76 million for the quarter.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUNC. Western Standard LLC purchased a new position in shares of First United during the second quarter worth about $194,000. Northern Trust Corp grew its holdings in shares of First United by 4.4% during the second quarter. Northern Trust Corp now owns 72,536 shares of the bank’s stock worth $1,081,000 after buying an additional 3,050 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First United by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 246,846 shares of the bank’s stock worth $3,690,000 after buying an additional 2,133 shares during the last quarter. Finally, M3F Inc. grew its holdings in shares of First United by 1.2% during the second quarter. M3F Inc. now owns 635,638 shares of the bank’s stock worth $9,471,000 after buying an additional 7,560 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.
About First United
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.
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