First United (FUNC) Stock Forecast, Price & News

First United's stock was trading at $19.65 on January 1st, 2023. Since then, FUNC stock has decreased by 17.6% and is now trading at $16.20.
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First United saw a drop in short interest in August. As of August 31st, there was short interest totaling 6,000 shares, a drop of 32.6% from the August 15th total of 8,900 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.
View First United's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our FUNC earnings forecast.

First United Co. (NASDAQ:FUNC) announced its quarterly earnings data on Monday, July, 24th. The bank reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.06. The bank had revenue of $18.74 million for the quarter, compared to analysts' expectations of $19 million. First United had a trailing twelve-month return on equity of 15.34% and a net margin of 25.36%.

First United declared a quarterly dividend on Wednesday, June 28th. Stockholders of record on Tuesday, July 18th will be paid a dividend of $0.20 per share on Tuesday, August 1st. This represents a $0.80 annualized dividend and a yield of 4.94%. The ex-dividend date is Monday, July 17th.
Read our dividend analysis for FUNC.

First United (NASDAQ:FUNC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.94%. FUNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 23.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUNC will have a dividend payout ratio of 34.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FUNC.

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.

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).

First United trades on the NASDAQ under the ticker symbol "FUNC."

First United's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.85%), BlackRock Inc. (1.66%), Renaissance Technologies LLC (0.92%), Geode Capital Management LLC (0.75%), Bank of Montreal Can (0.26%) and EA Series Trust (0.19%). Insiders that own company stock include Brian R Boal, Carissa Lynn Rodeheaver, Christy Dipietro, Gary Ruddell, 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.

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.
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One share of FUNC stock can currently be purchased for approximately $16.20.

First United (NASDAQ:FUNC) has a market capitalization of $108.70 million and generates $80.30 million in revenue each year. The bank earns $25.05 million in net income (profit) each year or $3.39 on an earnings per share basis.

The company employs 298 workers across the globe.

First United's mailing address is 19 S SECOND ST, OAKLAND MD, 21550. The official website for the company is www.mybank.com. The bank can be reached via phone at (301) 334-9471 or via fax at 301-334-5784.