BlackRock Inc. Takes $20.12 Million Position in First United Corporation $FUNC

Posted by George Bondi on Sep 3rd, 2026

BlackRock Inc. purchased a new stake in shares of First United Corporation (NASDAQ:FUNC – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 456,248 shares of the bank’s stock, valued at approximately $20,125,000. BlackRock Inc. owned approximately 0.07% of First United at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. AdvisorNet Financial Inc lifted its position in shares of First United by 126.8% during the first quarter. AdvisorNet Financial Inc now owns 896 shares of the bank’s stock worth $33,000 after acquiring an additional 501 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of First United during the 4th quarter valued at $38,000. BNP Paribas Financial Markets lifted its holdings in First United by 102.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,524 shares of the bank’s stock worth $56,000 after purchasing an additional 770 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in First United in the 2nd quarter worth about $102,000. Finally, New York State Common Retirement Fund purchased a new position in First United during the 2nd quarter valued at about $105,000. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First United

In other news, EVP Keith Sanders sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $43.68, for a total transaction of $218,400.00. Following the transaction, the executive vice president directly owned 10,342 shares of the company’s stock, valued at approximately $451,738.56. This trade represents a 32.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irvin Robert Rudy sold 1,000 shares of First United stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $44.58, for a total value of $44,580.00. Following the completion of the transaction, the director owned 37,500 shares in the company, valued at approximately $1,671,750. This represents a 2.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 280 shares of company stock worth $12,816 and sold 11,250 shares worth $500,752. Company insiders own 8.10% of the company’s stock.

First United Stock Performance

NASDAQ:FUNC opened at $43.79 on Thursday. The company has a market capitalization of $282.45 million, a price-to-earnings ratio of 11.34 and a beta of 0.51. The business has a 50 day moving average of $44.37 and a 200 day moving average of $40.16. 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 Corporation has a 1-year low of $33.54 and a 1-year high of $46.30.

First United (NASDAQ:FUNC – Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. First United had a net margin of 20.05% and a return on equity of 13.69%. The business had revenue of $65.27 million for the quarter, compared to analysts’ expectations of $23.55 million. On average, sell-side analysts predict that First United Corporation will post 4.5 earnings per share for the current fiscal year.

First United Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Monday, July 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, July 20th. First United’s dividend payout ratio is presently 26.94%.

Wall Street Analysts Forecast Growth

FUNC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of First United in a research report on Friday, July 10th. Hovde Group reissued an “outperform” rating and issued a $49.00 price target on shares of First United in a report on Thursday, July 23rd. Raymond James Financial upped their price target on shares of First United from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen cut First United from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.50.

Read Our Latest Stock Analysis on First United

About First United

(Free Report)

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.