First United Corp (NASDAQ:FUNC) Director Irvin Robert Rudy sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $21.50, for a total value of $25,800.00. Following the sale, the director now owns 28,047 shares of the company’s stock, valued at $603,010.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Irvin Robert Rudy also recently made the following trade(s):
- On Wednesday, June 13th, Irvin Robert Rudy sold 1,739 shares of First United stock. The stock was sold at an average price of $22.29, for a total value of $38,762.31.
Shares of First United traded down $0.10, hitting $24.00, during trading on Thursday, MarketBeat Ratings reports. 63,770 shares of the stock traded hands, compared to its average volume of 16,213. The firm has a market cap of $160.43 million, a price-to-earnings ratio of 18.92 and a beta of 0.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.89 and a quick ratio of 0.89. First United Corp has a twelve month low of $14.45 and a twelve month high of $24.32.
Separately, ValuEngine upgraded First United from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th.
Institutional investors have recently made changes to their positions in the company. Basswood Capital Management L.L.C. acquired a new stake in shares of First United during the 4th quarter valued at about $1,235,000. EJF Capital LLC acquired a new stake in shares of First United during the 1st quarter valued at about $3,402,000. Dimensional Fund Advisors LP lifted its holdings in shares of First United by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 276,511 shares of the bank’s stock valued at $5,309,000 after buying an additional 10,852 shares during the last quarter. Gendell Jeffrey L lifted its holdings in shares of First United by 2.4% during the 4th quarter. Gendell Jeffrey L now owns 558,063 shares of the bank’s stock valued at $9,710,000 after buying an additional 13,056 shares during the last quarter. Finally, M3F Inc. lifted its holdings in shares of First United by 4.4% during the 4th quarter. M3F Inc. now owns 700,158 shares of the bank’s stock valued at $12,183,000 after buying an additional 29,477 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.
About First United
First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities.
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