Kroger stock falls after Amazon announces major grocery expansion
First United Corp/MD/ (NASDAQ:FUNC), a $210 million market cap financial company with a track record of strong returns, saw its Chairman, President, and CEO Carissa Lynn Rodeheaver recently purchase shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro, the company trades at an attractive P/E ratio of 8.8x earnings.
On August 1st and August 4th, Rodeheaver acquired a total of 158.8145 shares through a dividend reinvestment program. The purchases, totaling $5,266, were executed in two tranches at prices ranging from $32.28 to $35.92. The company maintains a 2.75% dividend yield and has raised its dividend for seven consecutive years, as highlighted by InvestingPro’s analysis.
Following these transactions, Rodeheaver directly owns 46,675.6248 shares of First United Corp/MD/. Additionally, she indirectly owns 85.041 shares through her spouse as UTMA custodian for their son and 923.2551 shares via a 401(k) plan. The insider buying comes as the stock trades near its InvestingPro Fair Value, with several additional bullish indicators available to InvestingPro subscribers.
In other recent news, First United Corporation announced a cash dividend of $0.22 per share for the third quarter of 2025. The dividend is scheduled to be paid on August 1, 2025, to shareholders who hold the company’s common stock as of July 18, 2025. Additionally, First United Corporation disclosed the results of its annual shareholder meeting, which took place on May 7, 2025. Shareholders elected ten directors to the board, with a significant majority voting in favor. The directors elected include John F. Barr, Brian R. Boal, Sanu B. Chadha, Christy M. DiPietro, Kevin R. Hessler, Patricia A. Milon, Beth E. Moran, Carissa L. Rodeheaver, I. Robert Rudy, and H. Andrew Walls, III. The meeting also included the ratification of the company’s independent auditor. These developments reflect ongoing governance and financial strategies within First United Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.