How have FUNC shares performed in 2023?

First United's stock was trading at $19.65 at the beginning of the year. Since then, FUNC stock has increased by 11.8% and is now trading at $21.97. View the best growth stocks for 2023 here .

When is First United's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our FUNC earnings forecast .

How were First United's earnings last quarter?

First United Co. (NASDAQ:FUNC) posted its quarterly earnings results on Monday, October, 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The bank earned $18.70 million during the quarter, compared to analysts' expectations of $18.79 million. First United had a net margin of 21.45% and a trailing twelve-month return on equity of 13.19%.

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

First United announced a quarterly dividend on Wednesday, November 29th. Stockholders of record on Thursday, January 18th will be given a dividend of $0.20 per share on Thursday, February 1st. This represents a $0.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, January 17th. 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 3.73%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUNC will have a dividend payout ratio of 35.56% 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) .

Who are First United's major shareholders?

First United's stock is owned by many different institutional and retail investors. Top institutional investors include EJF Capital LLC (3.36%), Gendell Jeffrey L (2.39%) and Northern Trust Corp (0.47%). Insiders that own company stock include Brian R Boal , Carissa Lynn Rodeheaver , Christy Dipietro , Irvin Robert Rudy, Jason Barry Rush , John F Barr, John F Barr , John Mccullough , Marisa A Shockley, Patricia Milon and Tc Group Cayman Investment Hol. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

First United Stock Price, News & Analysis (NASDAQ:FUNC)

$21.97

+0.51 (+2.38%)

(As of 12/8/2023 ET)

Compare

Today's Range: $21.26
▼
$22.35
50-Day Range: $16.12
▼
$21.97
52-Week Range: $12.56
▼
$22.35

Volume: 20,584 shs
Average Volume: 10,608 shs
Market Capitalization: $146.98 million

P/E Ratio: 7.27
Dividend Yield: 3.64%
Price Target: N/A

First United MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.19% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.90
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$15,561 Bought Last Quarter
Proj. Earnings Growth: -13.13%
From $2.59 to $2.25 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Finance Sector

254th out of 854 stocks

National Commercial Banks Industry

26th out of 80 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
0.19% 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 2.1, 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 50.00%, 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 3.73%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First United has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of First United is 26.49%. 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 35.56% 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.

2.7

News and Social Media Coverage

News Sentiment
First United has a news sentiment score of 0.90. 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 higher news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for First United this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added First United to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

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 $15,561.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 7.90% of the stock of First United is held by insiders.
Percentage Held by Institutions
Only 31.55% of the stock of First United is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for First United are expected to decrease by -13.13% in the coming year, from $2.59 to $2.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First United is 7.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of First United is 7.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.18.
Price to Book Value per Share Ratio
First United has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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, and money market deposit accounts, 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; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, term 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 insured cash sweep program 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 incorporated in 1984 and is headquartered in Oakland, Maryland.

FUNC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FUNC Stock News Headlines

December 9, 2023 | americanbankingnews.com

First United (NASDAQ:FUNC) Stock Crosses Above 200-Day Moving Average of $16.31

December 7, 2023 | msn.com

75-year tradition making return to Midwestern State University, First United Methodist Church

December 9, 2023 | Autonomix (Ad)

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December 1, 2023 | msn.com

Zanesville First United Methodist will celebrate 100th anniversary of first service

December 1, 2023 | americanbankingnews.com

First United (NASDAQ:FUNC) Shares Cross Above Two Hundred Day Moving Average of $15.98

December 1, 2023 | americanbankingnews.com

First United (NASDAQ:FUNC) Receives New Coverage from Analysts at StockNews.com

November 30, 2023 | msn.com

First United declares $0.20 dividend

November 29, 2023 | finance.yahoo.com

FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2024 DIVIDEND

December 9, 2023 | DTI Trader (Ad)

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November 4, 2023 | morningstar.com

First United Corp FUNC

November 1, 2023 | msn.com

First United Methodist Tree to be taken down, replaced with artificial tree

October 23, 2023 | finance.yahoo.com

FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2023 EARNINGS

October 22, 2023 | msn.com

Topeka’s First United Methodist Church 100th anniversary of fire restoration

October 6, 2023 | news.yahoo.com

SBF Trial: The latest updates from the FTX collapse’s courtroom drama

October 1, 2023 | sfgate.com

D.C. United 2, Vancouver 2

September 29, 2023 | msn.com

United Airlines Launches New Military Pilot Program

September 28, 2023 | msn.com

First United Methodist hosts fundraiser for Upper Room Recovery Community

September 27, 2023 | finance.yahoo.com

FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2023 DIVIDEND

September 19, 2023 | sports.yahoo.com

Oxford United: Why the club are fighting on two fronts in 2023-24

September 18, 2023 | msn.com

Atlanta United's new signings shine in 5-2 triumph over Inter Miami

September 11, 2023 | cbsnews.com

United Airlines employees pack meals in honor of 9/11 victims

August 24, 2023 | finance.yahoo.com

First United's (NASDAQ:FUNC) investors will be pleased with their respectable 60% return over the last three years

July 24, 2023 | finance.yahoo.com

FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2023 EARNINGS

July 14, 2023 | finance.yahoo.com

individual investors who own 60% along with institutions invested in First United Corporation (NASDAQ:FUNC) saw increase in their holdings value last week

July 12, 2023 | msn.com

First United's Ex-Dividend Date Is Monday, Here's What You Need To Know

July 11, 2023 | finance.yahoo.com

Is First United (FUNC) Worth a Watch on 5.8% Dividend Yield?

July 8, 2023 | msn.com

Manistique First United Methodist Church holds pasty sale

See More Headlines

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Company Calendar

Ex-Dividend for 11/1 Dividend: 10/17/2023
Last Earnings: 10/23/2023
Dividend Payable: 11/01/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Ex-Dividend for 2/1 Dividend: 1/17/2024
Dividend Payable: 2/01/2024
Next Earnings (Estimated): 2/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:FUNC
CUSIP: N/A
CIK: 763907
Web: www.mybank.com
Phone: (301) 334-9471
Fax: 301-334-5784
Employees: 298
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.02
Trailing P/E Ratio: 7.27
Forward P/E Ratio: 8.48
P/E Growth: N/A
Net Income: $25.05 million
Net Margins: 21.45%
Pretax Margin: 27.75%
Return on Equity: 13.19%
Return on Assets: 1.06%

Debt

Debt-to-Equity Ratio: 0.72
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $80.30 million
Price / Sales: 1.83
Cash Flow: $4.27 per share
Price / Cash Flow: 5.14
Book Value: $22.80 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 6,690,000
Free Float: 6,158,000
Market Cap: $146.98 million
Optionable: Not Optionable
Beta: 0.84

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Ms. Carissa L. Rodeheaver CPA (Age 57)
CFP, Chairman, President & CEO
Comp: $610.46k
Mr. Jason B. Rush (Age 52)
Senior VP & COO
Comp: $376.76k
Mr. Robert L. Fisher II (Age 54)
Senior VP & Chief Revenue Officer
Comp: $393.83k
Ms. Tonya K. Sturm (Age 56)
Senior VP, CFO, Corporate Secretary & Treasurer
Mr. Keith R. Sanders M.B.A. (Age 53)
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 2023?: First United's stock was trading at $19.65 at the beginning of the year. Since then, FUNC stock has increased by 11.8% and is now trading at $21.97.
View the best growth stocks for 2023 here.
When is First United's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our FUNC earnings forecast.
How were First United's earnings last quarter?: First United Co. (NASDAQ:FUNC) posted its quarterly earnings results on Monday, October, 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The bank earned $18.70 million during the quarter, compared to analysts' expectations of $18.79 million. First United had a net margin of 21.45% and a trailing twelve-month return on equity of 13.19%.
How often does First United pay dividends? What is the dividend yield for First United?: First United announced a quarterly dividend on Wednesday, November 29th. Stockholders of record on Thursday, January 18th will be given a dividend of $0.20 per share on Thursday, February 1st. This represents a $0.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, January 17th.
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 3.73%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUNC will have a dividend payout ratio of 35.56% 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).
Who are First United's major shareholders?: First United's stock is owned by many different institutional and retail investors. Top institutional investors include EJF Capital LLC (3.36%), Gendell Jeffrey L (2.39%) and Northern Trust Corp (0.47%). Insiders that own company stock include Brian R Boal, Carissa Lynn Rodeheaver, Christy Dipietro, Irvin Robert Rudy, Jason Barry Rush, John F Barr, John F Barr, John Mccullough, Marisa A Shockley, Patricia Milon and Tc Group Cayman Investment Hol.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:FUNC) was last updated on 12/9/2023 by MarketBeat.com Staff

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