First United (FUNC) News Today

Acadian Asset Management LLC boosted its stake in shares of First United Co. (NASDAQ:FUNC - Free Report) by 283.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,725 shares of the bank's stock after buying an additional 28,619 shares during the perio

First United Co. (NASDAQ:FUNC - Get Free Report) Director Irvin Robert Rudy sold 2,000 shares of the company's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $27.52, for a total transaction of $55,040.00. Following the completion of the transaction, the director now owns 37,000 shares in the company, valued at $1,018,240. The sale was disclosed in a filing with the SEC, which is available through this link.

StockNews.com lowered shares of First United from a "buy" rating to a "hold" rating in a research note on Monday.

First United Co. (NASDAQ:FUNC - Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 21,100 shares, an increase of 6.6% from the June 15th total of 19,800 shares. Currently, 0.3% of the company's stock are short sold. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 0.9 days.

First United (NASDAQ:FUNC) Shares Pass Above 200-Day Moving Average of $21.81

First United (NASDAQ:FUNC) Stock Price Passes Below 200-Day Moving Average of $21.87

First United Co. (NASDAQ:FUNC) announced a quarterly dividend on Thursday, June 20th. Stockholders of record on Thursday, July 18th will be given a dividend of 0.20 per share by the bank on Thursday, August 1st. This represents a $0.80 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, July 18th.

First United Co. (NASDAQ:FUNC - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 27,600 shares, an increase of 25.5% from the April 30th total of 22,000 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the company's stock are sold short.

StockNews.com cut First United from a "buy" rating to a "hold" rating in a research note on Monday.

First United (NASDAQ:FUNC) Shares Cross Above 200-Day Moving Average of $21.72

First United Co. (NASDAQ:FUNC - Get Free Report) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 13,800 shares, a decrease of 38.4% from the February 29th total of 22,400 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is presently 0.5 days.