First United Corp (NASDAQ:FUNC) Director Irvin Robert Rudy purchased 1,500 shares of the stock in a transaction on Wednesday, December 12th. The shares were acquired at an average cost of $17.60 per share, for a total transaction of $26,400.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at $510,540.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ:FUNC traded down $0.48 during trading on Friday, reaching $16.52. 8,830 shares of the stock were exchanged, compared to its average volume of 10,848. First United Corp has a 12 month low of $16.60 and a 12 month high of $24.32. The stock has a market cap of $117.04 million, a PE ratio of 11.24 and a beta of 0.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.87.
First United (NASDAQ:FUNC) last issued its quarterly earnings data on Wednesday, November 7th. The bank reported $0.39 earnings per share (EPS) for the quarter. First United had a return on equity of 9.33% and a net margin of 11.12%. The company had revenue of $15.05 million during the quarter.
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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.
Further Reading: Dividend
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