ValuEngine lowered shares of First United (NASDAQ:FUNC) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

First United (NASDAQ FUNC) traded up $0.05 during mid-day trading on Friday, hitting $17.60. The stock had a trading volume of 657 shares, compared to its average volume of 3,257. First United has a 52 week low of $12.55 and a 52 week high of $18.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $124.03, a price-to-earnings ratio of 18.87 and a beta of 0.45.

First United (NASDAQ:FUNC) last posted its earnings results on Monday, November 13th. The bank reported $0.25 earnings per share for the quarter. First United had a return on equity of 7.39% and a net margin of 12.80%. The company had revenue of $13.76 million for the quarter.

In related news, Director Irvin Robert Rudy sold 3,500 shares of First United stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $17.42, for a total transaction of $60,970.00. Following the sale, the director now directly owns 31,123 shares in the company, valued at $542,162.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. M3F Inc. lifted its holdings in First United by 1.2% during the second quarter. M3F Inc. now owns 635,638 shares of the bank’s stock worth $9,471,000 after acquiring an additional 7,560 shares during the period. Western Standard LLC bought a new stake in First United during the second quarter worth $194,000. Dimensional Fund Advisors LP lifted its holdings in First United by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 246,846 shares of the bank’s stock worth $3,690,000 after acquiring an additional 2,133 shares during the period. Finally, Northern Trust Corp lifted its holdings in First United by 4.4% during the second quarter. Northern Trust Corp now owns 72,536 shares of the bank’s stock worth $1,081,000 after acquiring an additional 3,050 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “First United (FUNC) Lowered to Hold at ValuEngine” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/12/02/first-united-func-lowered-to-hold-at-valuengine.html.

First United Company Profile

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.

Receive News & Stock Ratings for First United Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First United Corporation and related stocks with our FREE daily email newsletter.