Somewhat Favorable News Coverage Somewhat Unlikely to Impact First United (FUNC) Share Price

Press coverage about First United (NASDAQ:FUNC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First United earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 44.9504245966618 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Separately, ValuEngine lowered First United from a “buy” rating to a “hold” rating in a research note on Friday.

First United (NASDAQ:FUNC) opened at $17.36 on Tuesday. First United has a 52 week low of $12.55 and a 52 week high of $18.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $124.39, a price-to-earnings ratio of 18.92 and a beta of 0.45.

First United (NASDAQ:FUNC) last posted its quarterly earnings data on Monday, November 13th. The bank reported $0.25 EPS for the quarter. First United had a return on equity of 7.39% and a net margin of 12.80%. The firm had revenue of $13.76 million for the quarter.

In other First United news, Director Irvin Robert Rudy sold 3,500 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $17.42, for a total transaction of $60,970.00. Following the transaction, the director now owns 31,123 shares in the company, valued at approximately $542,162.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 6,505 shares of company stock worth $112,808. Corporate insiders own 4.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact First United (FUNC) Share Price” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-first-united-func-share-price.html.

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.

Insider Buying and Selling by Quarter for First United (NASDAQ:FUNC)

Receive News & Ratings for First United Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First United Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply