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Julie W. Peterson, Senior Vice President and Chief Risk Officer at First United Corp (NASDAQ:FUNC), a $200 million market cap financial institution that has raised its dividend for seven consecutive years, recently acquired shares of the company’s common stock. According to InvestingPro analysis, the company currently trades below its Fair Value. According to a recent SEC filing, Peterson purchased a total of approximately 3.26 shares on March 18, 2025, at a price of $30.65 per share, amounting to a total value of $99. Following this transaction, Peterson’s direct ownership in the company stands at 952.24 shares. The stock, which offers a 2.85% dividend yield and trades at an attractive P/E ratio of 9.8, has shown strong performance with a 46% return over the past year. InvestingPro subscribers can access 6 additional key insights about FUNC’s financial health and growth prospects.
In other recent news, First United Corporation reported fourth-quarter earnings that exceeded analyst expectations. The company posted earnings per share of $0.95, surpassing the consensus estimate of $0.86, while revenue reached $20.62 million, beating projections of $20.49 million. Net income for the quarter rose significantly to $6.2 million, compared to $1.8 million in the same period the previous year. This performance was driven by robust loan growth, increased net interest income, and disciplined expense management.
Additionally, Raymond (NSE:RYMD) James upgraded First United’s stock rating from Market Perform to Outperform, with a new price target of $42.00. Analyst Steve Moss cited the bank’s strong fourth-quarter results and positive credit trends as key factors for the upgrade. He highlighted the bank’s ability to maintain a higher net interest margin and modest expense growth, which supports revenue growth. First United’s management also expressed optimism about growth prospects for 2025, with plans to expand loan and deposit market share and enhance its wealth management presence.
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