company background image
FUNC

First United NasdaqGS:FUNC Stock Report

Last Price

US$34.16

Market Cap

US$221.0m

7D

-3.9%

1Y

48.9%

Updated

22 Dec, 2024

Data

Company Financials +

First United Corporation

NasdaqGS:FUNC Stock Report

Market Cap: US$221.0m

FUNC Stock Overview

Operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. More details

FUNC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 47.4% below our estimate of its fair value

Earnings are forecast to grow 15.1% per year

Risk Analysis

No risks detected for FUNC from our risk checks.

My Notes

Capture your thoughts, links and company narrative

First United Corporation Competitors

LCNB

NasdaqCM:LCNB

US$215.0m

Virginia National Bankshares

NasdaqCM:VABK

US$211.1m

FinWise Bancorp

NasdaqGM:FINW

US$222.7m

First National

NasdaqCM:FXNC

US$217.6m

Price History & Performance

Summary of share price highs, lows and changes for First United
Historical stock prices
Current Share PriceUS$34.16
52 Week HighUS$36.49
52 Week LowUS$19.17
Beta0.80
1 Month Change-2.32%
3 Month Change14.06%
1 Year Change48.91%
3 Year Change82.87%
5 Year Change42.16%
Change since IPO221.21%

Recent News & Updates

Recent updates

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

Mar 19
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.20

If EPS Growth Is Important To You, First United (NASDAQ:FUNC) Presents An Opportunity

Jun 08
If EPS Growth Is Important To You, First United (NASDAQ:FUNC) Presents An Opportunity

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-3.9%-3.4%-2.4%
1Y48.9%29.1%23.4%

Return vs Industry: FUNC exceeded the US Banks industry which returned 29.1% over the past year.

Return vs Market: FUNC exceeded the US Market which returned 23.4% over the past year.

Price Volatility

Is FUNC's price volatile compared to industry and market?
FUNC volatility
FUNC Average Weekly Movement2.8%
Banks Industry Average Movement5.2%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: FUNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FUNC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1900321Carissa Rodeheavern/a

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.

First United Corporation Fundamentals Summary

How do First United's earnings and revenue compare to its market cap?
FUNC fundamental statistics
Market capUS$220.97m
Earnings (TTM)US$16.14m
Revenue (TTM)US$71.03m

13.7x

P/E Ratio

1.3x

P/B Ratio

Is FUNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FUNC income statement (TTM)
RevenueUS$71.03m
Cost of RevenueUS$0
Gross ProfitUS$71.03m
Other ExpensesUS$54.89m
EarningsUS$16.14m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.50
Gross Margin100.00%
Net Profit Margin22.73%
Debt/Equity Ratio98.4%

How did FUNC perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

33%

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 DateJan 17 2025
Dividend Pay DateFeb 03 2025
Days until Ex dividend26 days
Days until Dividend pay date43 days

Does FUNC pay a reliable dividends?

See FUNC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First United Corporation is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cary MorrisBB&T Capital Markets
Stephen MossRaymond James & Associates