First United (NASDAQ:FUNC) Director Irvin Robert Rudy Sells 1,000 Shares of Stock

July 29, 2026 by InsiderTrades.com

Key Points

Insider sale: EVP Keith Sanders sold 5,000 First United shares at an average price of $43.68, generating $218,400 and reducing his position by 32.59%.
Strong quarterly performance: First United reported quarterly EPS of $1.13, beating estimates of $1.05, while revenue of $23.94 million also exceeded expectations.
Positive investor outlook: Analysts maintain a “Buy” consensus with an average price target of $49.50, while the company announced a quarterly dividend of $0.26 per share, equating to a 2.3% yield.

First United Corporation (NASDAQ:FUNC - Get Free Report) Director Irvin Robert Rudy sold 1,000 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $44.58, for a total transaction of $44,580.00. Following the sale, the director owned 37,500 shares in the company, valued at $1,671,750. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First United Stock Up 1.6%

Shares of FUNC opened at $45.59 on Wednesday. The company's 50-day simple moving average is $42.29 and its 200-day simple moving average is $39.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. First United Corporation has a 1 year low of $31.71 and a 1 year high of $46.30. The stock has a market capitalization of $294.06 million, a PE ratio of 11.81 and a beta of 0.52.

First United (NASDAQ:FUNC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.13 earnings per share 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 13.85%. The firm had revenue of $23.94 million during the quarter, compared to analysts' expectations of $23.55 million. Analysts forecast that First United Corporation will post 4.5 earnings per share for the current fiscal year.

First United Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 20th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th. First United's dividend payout ratio (DPR) is currently 26.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of First United by 349.9% in the 1st quarter. Millennium Management LLC now owns 140,586 shares of the bank's stock valued at $4,220,000 after purchasing an additional 109,340 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of First United by 53.2% during the first quarter. Goldman Sachs Group Inc. now owns 58,718 shares of the bank's stock worth $1,763,000 after purchasing an additional 20,387 shares in the last quarter. Empowered Funds LLC grew its stake in shares of First United by 6.7% during the first quarter. Empowered Funds LLC now owns 26,549 shares of the bank's stock worth $797,000 after purchasing an additional 1,656 shares in the last quarter. Jane Street Group LLC increased its holdings in First United by 67.4% in the first quarter. Jane Street Group LLC now owns 26,035 shares of the bank's stock valued at $782,000 after buying an additional 10,483 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in First United by 112.3% in the second quarter. Geode Capital Management LLC now owns 139,939 shares of the bank's stock valued at $4,340,000 after buying an additional 74,032 shares in the last quarter. Institutional investors and hedge funds own 33.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FUNC shares. Hovde Group reaffirmed an "outperform" rating and set a $49.00 price objective on shares of First United in a research report on Thursday, July 23rd. Wall Street Zen upgraded First United from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings reissued a "buy (b)" rating on shares of First United in a research note on Friday, July 10th. Finally, Raymond James Financial upped their price target on First United from $44.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $49.50.

Get Our Latest Stock Report on First United

First United Company Profile

(Get 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.