First United Corporation (NASDAQ:FUNC) Director Robert W. Kurtz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $15.10, for a total transaction of $15,100.00. Following the sale, the director now directly owns 10,641 shares of the company’s stock, valued at approximately $160,679.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
First United Corporation (FUNC) traded down 3.21% during midday trading on Friday, reaching $15.10. 22,563 shares of the company traded hands. First United Corporation has a one year low of $9.58 and a one year high of $16.95. The firm has a 50-day moving average price of $14.60 and a 200-day moving average price of $14.39. The firm has a market capitalization of $106.49 million, a price-to-earnings ratio of 17.40 and a beta of 0.28.
First United Corporation (NASDAQ:FUNC) last posted its earnings results on Tuesday, May 9th. The bank reported $0.22 earnings per share for the quarter. The business had revenue of $12.82 million during the quarter. First United Corporation had a return on equity of 7.65% and a net margin of 12.33%. Equities analysts predict that First United Corporation will post ($1.17) EPS for the current fiscal year.
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Separately, ValuEngine raised shares of First United Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
About First United Corporation
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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