Latest News Update to Focus on First United Corporation (NASDAQ: FUNC)

First United Corporation (NASDAQ: FUNC) closed with change of 1.01% to $19.95 with the total traded volume of 9659 shares versus to an average volume of 10.38K. The stock was up in the 5 days activity 14.66%. The one month performance of stock was high 18.40%. FUNC shares are above 15.65% for the quarter and driving a 34.34% rally over the course of the past year and is now up 14.66% since this point in 2018.  Right now FUNC beta is 0.34. The average volatility for the week and month was at 4.74% 2.12% respectively.”

First United Corporation (NASDAQ: FUNC), the parent company of First United Bank & Trust, announces that its board of directors has declared a cash dividend of $.09 per common share.  The dividend will be paid on May 2, 2018 to shareholders of record as of April 16, 2018.

According to Carissa L. Rodeheaver, Chairman of the Board, President and Chief Executive Officer, “The Board of Directors and the management team are pleased to resume payment of our common stock dividend to our loyal and dedicated shareholder base.  As our income and financial position has improved, we are anxious to increase the return on investment for our shareholders through the payment of a dividend.  It is our intention to maintain the dividend at this level for the foreseeable future provided that our financial position continues to support its payment.  We sincerely thank our shareholders for their support and look forward to continued growth in First United Corporation.”

Shares of First United Corporation have been recently spotted trading 0.00% off of the 52-week high price. On the other end, company shares have been noted 53.46% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 13.00 – 19.95. Switching over to some distances from popular moving averages, we see that the stock has been recorded 14.14% away from the 50 day moving average and 22.14% away from the 200 day moving average. Moving closer, we can see that shares have been trading 14.32% off of the 20-day moving average.

First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities.

Garrick Tony

Garrick Tony

Garrick Tony is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Garrick is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. Address: 576 Wayside Lane, Oakland, California Email: Garricktony@stocksgeeks.com Zip Code: 94612 Contact number: 510-327-2666

Leave a Reply

Your email address will not be published. Required fields are marked *