First United Corp (NASDAQ:FUNC) Director Irvin Robert Rudy sold 1,739 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $22.29, for a total value of $38,762.31. Following the completion of the sale, the director now owns 28,047 shares of the company’s stock, valued at $625,167.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 shares were sold at an average price of $21.50, for a total value of $25,800.00.
First United traded down $0.10, reaching $24.00, during trading hours on Thursday, Marketbeat reports. 63,770 shares of the company’s stock were exchanged, compared to its average volume of 16,213. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.04. First United Corp has a twelve month low of $14.45 and a twelve month high of $24.32. The company has a market cap of $160.43 million, a P/E ratio of 18.92 and a beta of 0.32.
Separately, ValuEngine upgraded First United from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th.
Hedge funds have recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. bought a new position in shares of First United during the 4th quarter worth about $1,235,000. EJF Capital LLC bought a new position in shares of First United during the 1st quarter worth about $3,402,000. Dimensional Fund Advisors LP boosted 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 purchasing an additional 10,852 shares in the last quarter. Gendell Jeffrey L boosted 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 purchasing an additional 13,056 shares in the last quarter. Finally, M3F Inc. boosted 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 purchasing an additional 29,477 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.
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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