First United (NASDAQ:FUNC) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Tuesday.

Separately, ValuEngine downgraded shares of First United from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of First United (NASDAQ FUNC) traded down $0.11 on Tuesday, reaching $16.99. 500 shares of the company were exchanged, compared to its average volume of 5,649. The stock has a market capitalization of $120.85, a P/E ratio of 18.39 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.89 and a quick ratio of 0.89. First United has a 1-year low of $13.00 and a 1-year high of $18.30.

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

In other First United news, Director Irvin Robert Rudy sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $17.25, for a total transaction of $51,750.00. Following the transaction, the director now directly owns 35,124 shares in the company, valued at $605,889. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 6,705 shares of company stock worth $116,194 over the last quarter. Company insiders own 4.00% of the company’s stock.

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

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About First United

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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