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FUNC

First United NasdaqGS:FUNC Stock Report

Last Price

US$17.10

Market Cap

US$114.0m

7D

-0.6%

1Y

-24.6%

Updated

22 Mar, 2023

Data

Company Financials

First United Corporation

NasdaqGS:FUNC Stock Report

Mkt Cap: US$114.0m

FUNC Stock 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.

FUNC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

My Notes

Capture your thoughts, links and company narrative

First United Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First United
Historical stock prices
Current Share PriceUS$17.10
52 Week HighUS$24.00
52 Week LowUS$16.18
Beta0.75
1 Month Change-15.76%
3 Month Change-9.57%
1 Year Change-24.60%
3 Year Change32.76%
5 Year Change-9.76%
Change since IPO60.79%

Recent News & Updates

First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

Mar 12
First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

Dec 06
First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

Recent updates

First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

Mar 12
First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

Dec 06
First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

First United Non-GAAP EPS of $1.04, revenue of $19.75M

Oct 20

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.15

Oct 02
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.15

First United declares $0.15 dividend

Sep 28

First United Non-GAAP EPS of $0.82, revenue of $18.38M

Jul 25

First United (NASDAQ:FUNC) Is Paying Out A Dividend Of $0.15

Jul 14
First United (NASDAQ:FUNC) Is Paying Out A Dividend Of $0.15

First United declares $0.15 dividend

Jun 30

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

Apr 07
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

Mar 24
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

First United stock rises 2.6% after Raymond James initiates at Outperform

May 27

It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

May 14
It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

First United reports Q1 results

May 04

Here's Why I Think First United (NASDAQ:FUNC) Is An Interesting Stock

Mar 30
Here's Why I Think First United (NASDAQ:FUNC) Is An Interesting Stock

First United Corporation (NASDAQ:FUNC) Is Yielding 2.7% - But Is It A Buy?

Mar 08
First United Corporation (NASDAQ:FUNC) Is Yielding 2.7% - But Is It A Buy?

Investors Who Bought First United (NASDAQ:FUNC) Shares Five Years Ago Are Now Up 77%

Feb 10
Investors Who Bought First United (NASDAQ:FUNC) Shares Five Years Ago Are Now Up 77%

Shareholder Returns

FUNCUS BanksUS Market
7D-0.6%1.9%2.9%
1Y-24.6%-25.8%-11.6%

Return vs Industry: FUNC exceeded the US Banks industry which returned -25.8% over the past year.

Return vs Market: FUNC underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is FUNC's price volatile compared to industry and market?
FUNC volatility
FUNC Average Weekly Movement4.3%
Banks Industry Average Movement4.7%
Market Average Movement6.5%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market2.9%

Stable Share Price: FUNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FUNC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1900288Carissa Rodeheaverhttps://mybank.com

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; and indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans.

First United Corporation Fundamentals Summary

How do First United's earnings and revenue compare to its market cap?
FUNC fundamental statistics
Market CapUS$114.00m
Earnings (TTM)US$25.05m
Revenue (TTM)US$76.33m

4.6x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FUNC income statement (TTM)
RevenueUS$76.33m
Cost of RevenueUS$0
Gross ProfitUS$76.33m
Other ExpensesUS$51.28m
EarningsUS$25.05m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.76
Gross Margin100.00%
Net Profit Margin32.82%
Debt/Equity Ratio62.9%

How did FUNC perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

16%

Payout Ratio

Does FUNC pay a reliable dividends?

See FUNC dividend history and benchmarks
When do you need to buy FUNC by to receive an upcoming dividend?
First United dividend dates
Ex Dividend DateApr 14 2023
Dividend Pay DateMay 01 2023
Days until Ex dividend23 days
Days until Dividend pay date40 days

Does FUNC pay a reliable dividends?

See FUNC dividend history and benchmarks