First United (FUNC) Stock Price, News & Analysis

Company Overview

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit. The company loan portfolio includes commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings, such as restaurants and motels, retail buildings, and general purpose business space; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, and other secured and unsecured lines of credit and term loans. It also offers access to multi-million-dollar certificates of deposit and the Intrafi cash service, including multi-million-dollar savings and demand deposits to municipalities, businesses, and consumers; and treasury management, cash sweep, and various checking services. In addition, the company provides trust services, which includes personal trust, investment agency accounts, charitable trusts, retirement accounts, including IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning; and insurance products, brokerage services, and safe deposit and night depository facilities. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

Key Stats

• Today's Range: $35.70 to $36.20
• 50-Day Range: $29.63 to $35.85
• 52-Week Range: $19.11 to $36.20
• Volume: 5,679 shs
• Average Volume: 22,889 shs
• Market Capitalization: $232.92 million
• P/E Ratio: 14.63
• Dividend Yield: 2.44%
• Price Target: N/A
• Consensus Rating: N/A

First United Stock Analysis - MarketRank™

First United scored higher than 54% of companies evaluated by MarketBeat, and ranked 599th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for First United.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.11%

Earnings Growth

Earnings for First United are expected to grow by 6.11% in the coming year, from $3.11 to $3.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First United is 14.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of First United is 14.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Book Value per Share Ratio

First United has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.13% of the float of First United has been sold short.

Short Interest Ratio / Days to Cover

First United has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First United has recently increased by 15.15%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First United pays a meaningful dividend of 2.47%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First United does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First United is 35.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First United will have a dividend payout ratio of 26.67% next year. This indicates that First United will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.13% of the float of First United has been sold short.

Short Interest Ratio / Days to Cover

First United has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First United has recently increased by 15.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.58

News Sentiment

First United has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for First United this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for FUNC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added First United to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, First United insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,596.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 7.80% of the stock of First United is held by insiders.

Percentage Held by Institutions

Only 33.27% of the stock of First United is held by institutions.

FUNC Stock Analysis - Frequently Asked Questions

How have FUNC shares performed this year?

First United's stock was trading at $23.51 at the beginning of 2024. Since then, FUNC stock has increased by 52.5% and is now trading at $35.85.
View the best growth stocks for 2024 here.

How were First United's earnings last quarter?

First United Co. (NASDAQ:FUNC) posted its earnings results on Monday, October, 21st. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The bank earned $28.17 million during the quarter, compared to analysts' expectations of $20.30 million. First United had a trailing twelve-month return on equity of 12.20% and a net margin of 14.70%.

Who are First United's major shareholders?

Top institutional investors of First United include Fourthstone LLC (6.82%), Basswood Capital Management L.L.C. (2.37%), De Lisle Partners LLP (1.87%) and Empowered Funds LLC (0.37%). Insiders that own company stock include John Mccullough, Carissa Lynn Rodeheaver, Irvin Robert Rudy, Marisa A Shockley, Jason Barry Rush, Brian R Boal and John F Barr.
View institutional ownership trends.

How do I buy shares of First United?

Shares of FUNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First United own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First United investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Ex-Dividend for 11/1 Dividend: 10/18/2024
• Last Earnings: 10/21/2024
• Dividend Payable: 11/01/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FUNC
• CUSIP: N/A
• CIK: 763907
• Web: www.mybank.com
• Phone: (301) 334-9471
• Fax: 301-334-5784
• Employees: 300
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.46
• Trailing P/E Ratio: 14.57
• Forward P/E Ratio: 11.53
• P/E Growth: N/A
• Net Income: $15.06 million
• Net Margins: 14.70%
• Pretax Margin: 19.27%
• Return on Equity: 12.20%
• Return on Assets: 1.07%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $99.49 million
• Price / Sales: 2.33
• Cash Flow: $3.42 per share
• Price / Cash Flow: 10.47
• Book Value: $26.90 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 6,470,000
• Free Float: 5,964,000
• Market Cap: $231.95 million
• Optionable: Not Optionable
• Beta: 0.78