First United Corporation (NASDAQ:FUNC – Get Free Report) EVP Robert Fisher II sold 5,250 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $45.29, for a total value of $237,772.50. Following the transaction, the executive vice president owned 9,105 shares in the company, valued at approximately $412,365.45. This represents a 36.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
First United Stock Performance
FUNC stock opened at $44.73 on Thursday. First United Corporation has a 1-year low of $31.71 and a 1-year high of $46.30. The business has a 50-day moving average price of $42.44 and a 200 day moving average price of $39.13. The company has a market capitalization of $288.51 million, a P/E ratio of 11.59 and a beta of 0.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91.
First United (NASDAQ:FUNC – Get Free Report) last issued its earnings results on Monday, July 20th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. The company had revenue of $23.94 million for the quarter, compared to analysts’ expectations of $23.55 million. First United had a net margin of 20.05% and a return on equity of 13.85%. As a group, equities research analysts forecast that First United Corporation will post 4.5 EPS for the current fiscal year.
First United Announces Dividend
Institutional Investors Weigh In On First United
Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in First United by 6.3% in the first quarter. Empowered Funds LLC now owns 38,112 shares of the bank’s stock worth $1,396,000 after purchasing an additional 2,243 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of First United by 44.2% during the 1st quarter. Hsbc Holdings PLC now owns 11,508 shares of the bank’s stock valued at $427,000 after purchasing an additional 3,528 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of First United by 126.8% during the 1st quarter. AdvisorNet Financial Inc now owns 896 shares of the bank’s stock valued at $33,000 after purchasing an additional 501 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of First United in the 4th quarter worth $205,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of First United by 4.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 73,537 shares of the bank’s stock worth $2,753,000 after purchasing an additional 3,293 shares in the last quarter. 33.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently commented on FUNC shares. Hovde Group reissued an “outperform” rating and issued a $49.00 price objective on shares of First United in a research note on Thursday, July 23rd. Raymond James Financial lifted their price target on First United from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of First United in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded First United from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, First United currently has a consensus rating of “Buy” and an average price target of $49.50.
View Our Latest Research Report on First United
About First United
First United Corporation is a bank holding company that, through its subsidiary First United Bank & Trust, provides a full suite of commercial and consumer banking services to individuals, businesses, and agricultural customers across central Oklahoma. The company offers deposit accounts such as checking, savings, money market and time deposits, alongside a variety of lending solutions covering commercial real estate, construction, agricultural and consumer loans.
In addition to traditional banking products, First United delivers treasury management and cash management solutions designed to streamline client operations, as well as online and mobile banking platforms for account access and payments.
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