Insider Buying: First United Corp Director Acquires 4,116 Shares of Stock (FUNC)
First United Corp (NASDAQ:FUNC) Director Donald E. Moran acquired 4,116 shares of First United Corp stock in a transaction dated Wednesday, September 3rd. The shares were purchased at an average price of $8.48 per share, for a total transaction of $34,903.68. Following the completion of the purchase, the director now directly owns 102,452 shares of the company’s stock, valued at approximately $868,793. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
First United Corp (NASDAQ:FUNC) traded up 0.59% on Thursday, hitting $8.50. The stock had a trading volume of 4,152 shares. First United Corp has a 1-year low of $7.30 and a 1-year high of $9.15. The stock has a 50-day moving average of $8.5 and a 200-day moving average of $8.39. The company has a market cap of $52.9 million and a price-to-earnings ratio of 16.77.
First United Corporation is a financial holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust, a Maryland trust company (NASDAQ:FUNC), First United Statutory Trust I (Trust I) and First United Statutory Trust II (Trust II), both Connecticut statutory business trusts, and First United Statutory Trust III, a Delaware statutory business trust (Trust III and together with Trust I and Trust II, the Trusts).
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