How have FUNC shares performed in 2024?

First United's stock was trading at $23.51 at the beginning of the year. Since then, FUNC stock has decreased by 6.0% and is now trading at $22.10. View the best growth stocks for 2024 here .

Are investors shorting First United?

First United saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,600 shares, an increase of 20.3% from the March 15th total of 13,800 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold. View First United's Short Interest .

When is First United's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. View our FUNC earnings forecast .

How were First United's earnings last quarter?

First United Co. (NASDAQ:FUNC) released its earnings results on Monday, February, 5th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The bank had revenue of $26.98 million for the quarter, compared to the consensus estimate of $14.68 million. First United had a trailing twelve-month return on equity of 12.03% and a net margin of 15.12%.

How often does First United pay dividends? What is the dividend yield for First United?

First United announced a quarterly dividend on Wednesday, March 6th. Investors of record on Wednesday, April 17th will be paid a dividend of $0.20 per share on Wednesday, May 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Tuesday, April 16th. Read our dividend analysis for FUNC .

Is First United a good dividend stock?

First United (NASDAQ:FUNC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUNC will have a dividend payout ratio of 25.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FUNC .

What is William B. Grant's approval rating as First United's CEO?

2 employees have rated First United Chief Executive Officer William B. Grant on Glassdoor.com . William B. Grant has an approval rating of 100% among the company's employees. This puts William B. Grant in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of First United own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First United investors own include Advanced Micro Devices (AMD) , American Superconductor (AMSC) , Arcos Dorados (ARCO) , Versartis (VSAR) , Pfizer (PFE) , Tapestry (TPR) , Verizon Communications (VZ) , AbbVie (ABBV) , Carnival Co. & (CCL) and Cinemark (CNK) .

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 .

NASDAQ:FUNC

First United (FUNC) Stock Price, News & Analysis

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$22.10

+0.08 (+0.36%)

(As of 04/18/2024 ET)

Compare

Today's Range: $21.90
▼
$22.15
50-Day Range: $21.21
▼
$22.91
52-Week Range: $12.56
▼
$24.28

Volume: 59,629 shs
Average Volume: 24,678 shs
Market Capitalization: $146.74 million

P/E Ratio: 9.87
Dividend Yield: 3.62%
Price Target: N/A

Get First United alerts:

First United MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.27% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.07
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.29%
From $2.80 to $3.20 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.77 out of 5 stars

Finance Sector

541st out of 822 stocks

National Commercial Banks Industry

64th out of 77 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for First United.

3.0

Short Interest

Percentage of Shares Shorted
0.27% 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 0.7, 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 20.29%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
First United is a leading dividend payer. It pays a dividend yield of 3.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First United has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First United is 35.71%. 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 25.00% next year. This indicates that First United will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FUNC.

1.7

News and Social Media Coverage

News Sentiment
First United has a news sentiment score of 0.07. 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 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for First United this week, compared to 1 article on an average week.
MarketBeat Follows
Only 2 people have added First United to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First United insiders have not sold or bought any 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for First United are expected to grow by 14.29% in the coming year, from $2.80 to $3.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First United is 9.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of First United is 9.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.84.
Price to Book Value per Share Ratio
First United has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About First United Stock (NASDAQ:FUNC)

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.

FUNC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FUNC Stock News Headlines

April 17, 2024 | msn.com

UFC announces return to Louisville, first event in 13 years

April 17, 2024 | msn.com

Nemanja Matic tells Manchester United target to reject summer transfer

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | yahoo.com

United Fiber service interruptions continue

April 16, 2024 | americanbankingnews.com

First United (NASDAQ:FUNC) Stock Passes Above 200 Day Moving Average of $20.63

April 12, 2024 | msn.com

Loudoun United returns home to face Memphis 901 FC

April 12, 2024 | msn.com

FC Cincinnati looks to avoid first losing streak since May 2022 at Montreal

April 10, 2024 | msn.com

Loudoun United reflects on first month of the season

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 3, 2024 | msn.com

Who Is Against State Police?

April 2, 2024 | yahoo.com

Loudoun United FC returns to practice after bye week

April 2, 2024 | msn.com

United Way’s group for retirees to host first-ever Senior Day

March 31, 2024 | msn.com

Minnesota United falls 2-0 at Philadelphia for first loss of the season

March 30, 2024 | msn.com

Video: Former UFC fighter Tyson Nam hits devastating one-punch knockout in first fight since release

March 28, 2024 | sports.yahoo.com

Manchester United XI vs Brentford: Predicted lineup, confirmed team news, injury latest

March 24, 2024 | finance.yahoo.com

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.20

March 20, 2024 | finance.yahoo.com

First United Full Year 2023 Earnings: EPS Beats Expectations

March 17, 2024 | msn.com

FA Cup Semi-Final Draw: Manchester United and Manchester City Kept Apart

March 16, 2024 | msn.com

Newton leads No. 2 UConn past St. John’s 95-90 and into first Big East title game since 2011

March 11, 2024 | msn.com

Benoît Saint Denis Claims Infection Hampered UFC 299 Performance In First Statement Post-Defeat To Dustin Poirier

March 10, 2024 | finance.yahoo.com

First United (NASDAQ:FUNC) Will Pay A Dividend Of $0.20

March 6, 2024 | finance.yahoo.com

FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2024 DIVIDEND

February 22, 2024 | fool.com

Here's My Experience Trying a United Lounge for the First Time

February 21, 2024 | msn.com

No State Within A State

February 5, 2024 | finance.yahoo.com

First United Corporation (FUNC) Tops Q4 Earnings and Revenue Estimates

February 3, 2024 | msn.com

Another Man Utd youngster to leave on deadline day in frustration over first-team chances

January 30, 2024 | msn.com

D.C. United makes first international move, acquiring Finland’s Matti Peltola

See More Headlines

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Company Calendar

Ex-Dividend for 2/1 Dividend: 1/17/2024
Dividend Payable: 2/01/2024
Last Earnings: 2/05/2024
Ex-Dividend for 5/1 Dividend: 4/16/2024
Today: 4/19/2024
Next Earnings (Estimated): 4/22/2024
Dividend Payable: 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:FUNC
CUSIP: N/A
CIK: 763907
Web: www.mybank.com
Phone: (301) 334-9471
Fax: 301-334-5784
Employees: 304
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.24
Trailing P/E Ratio: 9.87
Forward P/E Ratio: 7.89
P/E Growth: N/A
Net Income: $15.06 million
Net Margins: 15.12%
Pretax Margin: 20.37%
Return on Equity: 12.03%
Return on Assets: 0.98%

Debt

Debt-to-Equity Ratio: 0.69
Current Ratio: 0.91
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $99.49 million
Price / Sales: 1.47
Cash Flow: $3.42 per share
Price / Cash Flow: 6.47
Book Value: $24.21 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 6,640,000
Free Float: 6,125,000
Market Cap: $146.74 million
Optionable: Not Optionable
Beta: 0.86

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Key Executives

Ms. Carissa L. Rodeheaver CPA (Age 58)
CFP, Chairman, President & CEO
Comp: $484.24k
Mr. Jason B. Rush (Age 53)
Senior VP & COO
Comp: $321.87k
Mr. Robert L. Fisher II (Age 55)
Senior VP & Chief Revenue Officer
Comp: $322.66k
Ms. Tonya K. Sturm (Age 57)
Senior VP, CFO, Corporate Secretary & Treasurer
Mr. Keith R. Sanders M.B.A. (Age 54)
Senior VP & Senior Trust Officer
Comp: $217.83k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FUNC Stock Analysis - Frequently Asked Questions

How have FUNC shares performed in 2024?: First United's stock was trading at $23.51 at the beginning of the year. Since then, FUNC stock has decreased by 6.0% and is now trading at $22.10.
View the best growth stocks for 2024 here.
Are investors shorting First United?: First United saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,600 shares, an increase of 20.3% from the March 15th total of 13,800 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.
View First United's Short Interest.
When is First United's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our FUNC earnings forecast.
How were First United's earnings last quarter?: First United Co. (NASDAQ:FUNC) released its earnings results on Monday, February, 5th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The bank had revenue of $26.98 million for the quarter, compared to the consensus estimate of $14.68 million. First United had a trailing twelve-month return on equity of 12.03% and a net margin of 15.12%.
How often does First United pay dividends? What is the dividend yield for First United?: First United announced a quarterly dividend on Wednesday, March 6th. Investors of record on Wednesday, April 17th will be paid a dividend of $0.20 per share on Wednesday, May 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Tuesday, April 16th.
Read our dividend analysis for FUNC.

Is First United a good dividend stock?: First United (NASDAQ:FUNC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUNC will have a dividend payout ratio of 25.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FUNC.
What is William B. Grant's approval rating as First United's CEO?: 2 employees have rated First United Chief Executive Officer William B. Grant on Glassdoor.com. William B. Grant has an approval rating of 100% among the company's employees. This puts William B. Grant in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of First United own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First United investors own include Advanced Micro Devices (AMD), American Superconductor (AMSC), Arcos Dorados (ARCO), Versartis (VSAR), Pfizer (PFE), Tapestry (TPR), Verizon Communications (VZ), AbbVie (ABBV), Carnival Co. & (CCL) and Cinemark (CNK).
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.

This page (NASDAQ:FUNC) was last updated on 4/19/2024 by MarketBeat.com Staff

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