NASDAQ:FUNC

First United Stock Forecast, Price & News

$17.31

+0.09 (+0.52 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

$17.21

▼

$17.37

50-Day Range

$16.31

▼

$19.05

52-Week Range

$10.74

▼

$20.48

Volume4,701 shs

Average Volume11,981 shs

Market Capitalization$114.25 million

P/E Ratio6.74

Dividend Yield3.48%

Beta1.03

30 days | 90 days | 365 days | Advanced Chart

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About First United

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. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities. It also provides loans, such as 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; indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit, and night depository facilities. It operates 25 banking offices, one customer care center, and 32 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, Monongalia, and Harrison counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

First United (NASDAQ:FUNC) Issues Earnings Results, Misses Estimates By $0.05 EPS
July 29, 2021 | americanbankingnews.com

First United Corporation Announces Second Quarter And Year To Date 2021 Earnings
July 28, 2021 | finance.yahoo.com

Insider Selling: First United Co. (NASDAQ:FUNC) Major Shareholder Sells 199,208 Shares of Stock
July 19, 2021 | americanbankingnews.com

Analyzing First United's Ex-Dividend Date
July 15, 2021 | benzinga.com

First United Co. (NASDAQ:FUNC) Short Interest Down 75.7% in June
July 15, 2021 | americanbankingnews.com

Analyzing First United (NASDAQ:FUNC) and NBT Bancorp (NASDAQ:NBTB)
July 13, 2021 | americanbankingnews.com

Here's What We Like About First United's (NASDAQ:FUNC) Upcoming Dividend
July 11, 2021 | nasdaq.com

Update: First United (NASDAQ:FUNC) Stock Gained 70% In The Last Five Years
July 11, 2021 | finance.yahoo.com

First United Corporation Announces Third Quarter 2021 Dividend
July 1, 2021 | finance.yahoo.com

China's autonomous vehicle startups AutoX, Momenta and WeRide are coming to TC Sessions: Mobility 2021
May 15, 2021 | uk.finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:FUNC
Previous Symbol
CUSIPN/A
CIK763907
Webwww.mybank.com
Phone(301) 334-9471
Employees280
Year FoundedN/A

Sales & Book Value

Annual Sales$76.78 million
Price / Sales1.49
Cash Flow$2.28 per share
Price / Cash Flow7.59
Book Value$18.75 per share
Price / Book0.92

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares6,600,000
Market Cap$114.25 million
Next Earnings Date11/9/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

2.88 out of 5 stars

Finance Sector

16th out of 2,044 stocks

National Commercial Banks Industry

4th out of 169 stocks

3.5 Analyst's Opinion

Consensus Rating
First United has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, First United has a forecasted upside of 38.6% from its current price of $17.31.
Amount of Analyst Coverage
First United has only been the subject of 1 research reports in the past 90 days.

3.2 Community Rank

Outperform Votes
First United has received 84 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First United has received 47 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First United has received 64.12% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First United and other stocks. Vote “Outperform” if you believe FUNC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FUNC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First United pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First United has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First United is 29.56%. 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 25.53% next year. This indicates that First United will be able to sustain or increase its dividend.

3.3 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 $77,156.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.60% of the stock of First United is held by insiders.
Percentage Held by Institutions
34.36% of the stock of First United is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First United are expected to decrease by -12.96% in the coming year, from $2.70 to $2.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First United is 6.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of First United is 6.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.92.
Price to Book Value per Share Ratio
First United has a P/B Ratio of 0.92. 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

First United (NASDAQ:FUNC) Frequently Asked Questions

Is First United a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First United in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" First United stock.
View analyst ratings for First United or view top-rated stocks.

What stocks does MarketBeat like better than First United?

Wall Street analysts have given First United a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First United wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting First United?

First United saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 50,100 shares, a decline of 75.7% from the June 15th total of 206,300 shares. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the company's stock are short sold.
View First United's Short Interest.

When is First United's next earnings date?

First United is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.
View our earnings forecast for First United.

How were First United's earnings last quarter?

First United Co. (NASDAQ:FUNC) posted its quarterly earnings data on Wednesday, July, 28th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.71 by $0.05. First United had a net margin of 23.63% and a trailing twelve-month return on equity of 15.62%.
View First United's earnings history.

How has First United's stock price been impacted by COVID-19?

First United's stock was trading at $19.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FUNC shares have decreased by 8.9% and is now trading at $17.31.
View which stocks have been most impacted by COVID-19.

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

First United announced a quarterly dividend on Thursday, July 1st. Stockholders of record on Monday, July 19th will be given a dividend of $0.15 per share on Monday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, July 16th.
View First United's dividend history.

Is First United a good dividend stock?

First United pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.48%. First United does not yet have a strong track record of dividend growth. The dividend payout ratio of First United is 29.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First United will have a dividend payout ratio of 25.53% next year. This indicates that First United will be able to sustain or increase its dividend.
View First United's dividend history.

What price target have analysts set for FUNC?

1 equities research analysts have issued 1 year price targets for First United's shares. Their forecasts range from $24.00 to $24.00. On average, they expect First United's stock price to reach $24.00 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
View analysts' price targets for First United or view top-rated stocks among Wall Street analysts.

Who are First United's key executives?

First United's management team includes the following people:

Ms. Carissa L. Rodeheaver CPA, CPA, CFP, Chairman, Pres & CEO (Age 55, Pay $441.45k)
Mr. Jason B. Rush, Sr. VP & COO (Age 50, Pay $258.85k)
Mr. Robert L. Fisher II, Sr. VP & Chief Revenue Officer (Age 52, Pay $316.68k)
Ms. Tonya K. Sturm, Sr. VP, Sec., Treasurer & CFO (Age 54)
Mr. Keith R. Sanders M.B.A., Sr. VP, Sr. Trust Officer & Chief Wealth Officer (Age 51)

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

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

Who are some of First United's key competitors?

Some companies that are related to First United include Guaranty Bancshares (GNTY), Thomasville Bancshares (THVB), Southern First Bancshares (SFST), SmartFinancial (SMBK), American National Bankshares (AMNB), The First Bancorp (FNLC), Peoples Financial Services (PFIS), Capital Bancorp (CBNK), Carter Bankshares (CARE), Professional (PFHD), Fidelity D & D Bancorp (FDBC), National Bankshares (NKSH), LCNB (LCNB), Ames National (ATLO) and Evans Bancorp (EVBN).
View all of FUNC's competitors.

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).

What is First United's stock symbol?

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

How do I buy shares of First United?

Shares of FUNC 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.

What is First United's stock price today?

One share of FUNC stock can currently be purchased for approximately $17.31.

How much money does First United make?

First United has a market capitalization of $114.25 million and generates $76.78 million in revenue each year. The bank earns $13.84 million in net income (profit) each year or $2.03 on an earnings per share basis.

How many employees does First United have?

First United employs 280 workers across the globe.

What is First United's official website?

The official website for First United is www.mybank.com.

Where are First United's headquarters?

First United is headquartered at 19 S SECOND ST, OAKLAND MD, 21550.

How can I contact First United?

First United's mailing address is 19 S SECOND ST, OAKLAND MD, 21550. The bank can be reached via phone at (301) 334-9471.

This page was last updated on 7/31/2021 by MarketBeat.com Staff

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