First United Corp (NASDAQ:FUNC) Director Irvin Robert Rudy sold 1,739 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $22.29, for a total transaction of $38,762.31. Following the transaction, the director now directly owns 28,047 shares in the company, valued at approximately $625,167.63. The transaction was disclosed in a filing with the SEC, which is available through this link.
Irvin Robert Rudy also recently made the following trade(s):
- On Monday, June 11th, Irvin Robert Rudy sold 1,200 shares of First United stock. The stock was sold at an average price of $21.50, for a total transaction of $25,800.00.
NASDAQ FUNC traded down $0.10 during trading hours on Thursday, hitting $24.00. The company’s stock had a trading volume of 63,770 shares, compared to its average volume of 16,213. First United Corp has a 52 week low of $14.45 and a 52 week high of $24.32. The stock 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 quick ratio of 0.89 and a current ratio of 0.89.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EJF Capital LLC bought a new position in First United in the 1st quarter valued at about $3,402,000. Dimensional Fund Advisors LP lifted its position 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 worth $5,309,000 after buying an additional 10,852 shares in the last quarter. M3F Inc. lifted its position in shares of First United by 4.4% during the 4th quarter. M3F Inc. now owns 700,158 shares of the bank’s stock worth $12,183,000 after buying an additional 29,477 shares in the last quarter. Basswood Capital Management L.L.C. bought a new position in shares of First United during the 4th quarter worth approximately $1,235,000. Finally, Gendell Jeffrey L lifted its position 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 worth $9,710,000 after buying an additional 13,056 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine raised shares of First United from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th.
First United Company Profile
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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