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Director Brian R. Boal of First United Corp/MD/ (NASDAQ:FUNC), a regional bank with a market capitalization of $209.52 million, has purchased 76.784 shares of common stock on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company appears fairly valued at current levels.
The shares were bought at a price of $32.28, with the total transaction amounting to $2,478. These shares were purchased through a dividend reinvestment program, which aligns with the company’s strong dividend profile - First United has raised its dividend for 7 consecutive years and currently offers a 2.75% yield with 10% growth in the last twelve months. Following the transaction, Boal directly owns 20,680.167 shares of First United Corp/MD/. InvestingPro subscribers can access 5 additional key insights about FUNC’s financial health and growth prospects.
In other recent news, First United Corporation announced a cash dividend of $0.22 per share for the third quarter of 2025. This dividend is scheduled for payment on August 1, 2025, to shareholders of record as of July 18, 2025. Additionally, First United Corporation disclosed the results of its annual shareholder meeting, which took place on May 7, 2025. During this meeting, ten directors were elected to serve on the board until the 2026 annual meeting. The directors elected include John F. Barr, Brian R. Boal, Sanu B. Chadha, and several others, with a significant majority of shareholders voting in favor. The ratification of the company’s independent auditor was also part of the proposals that received shareholder approval. These developments reflect ongoing corporate governance and shareholder engagement at First United Corporation.
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