FUNC - First United Corp Stock Price, Fair Value and News

22.24USD-0.05 (-0.22%)Market Closed

Market Summary

USD22.24-0.05

Market Closed

-0.22%

FUNC Stock Price

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FUNC RSI Chart

FUNC Valuation

Market Cap

147.9M

Price/Earnings (Trailing)

10.28

Price/Sales (Trailing)

1.74

EV/EBITDA

1.76

Price/Free Cashflow

6.65

FUNC Price/Sales (Trailing)

FUNC Profitability

EBT Margin

21.83%

Return on Equity

8.69%

Return on Assets

0.75%

Free Cashflow Yield

15.04%

FUNC Fundamentals

FUNC Revenue

Revenue (TTM)

85.2M

Rev. Growth (Yr)

22.82%

Rev. Growth (Qtr)

-1.32%

FUNC Earnings

Earnings (TTM)

14.4M

Earnings Growth (Yr)

-15.47%

Earnings Growth (Qtr)

110.35%

Breaking Down FUNC Revenue

Last 7 days

-1.1%

Last 30 days

Last 90 days

4.7%

Trailing 12 Months

62.7%

How does FUNC drawdown profile look like?

FUNC Financial Health

Debt/Equity

0.43

Debt/Cashflow

0.32

FUNC Investor Care

Dividend Yield

3.6%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

0.60%

Diluted EPS (TTM)

2.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	85.2M	0	0	0
2023	66.1M	71.3M	76.3M	81.2M
2022	58.3M	58.6M	59.9M	62.4M
2021	57.6M	57.0M	57.6M	58.3M
2020	58.5M	59.2M	58.8M	58.2M
2019	54.0M	55.7M	57.0M	57.9M
2018	48.0M	49.0M	50.4M	52.3M
2017	45.8M	46.0M	46.3M	46.9M
2016	45.0M	45.2M	45.3M	45.9M
2015	46.1M	45.7M	45.6M	45.0M
2014	49.4M	49.0M	46.5M	46.4M
2013	51.6M	50.2M	51.1M	49.9M
2012	57.6M	56.0M	54.7M	53.1M
2011	67.9M	65.1M	62.3M	59.5M
2010	0	0	0	70.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of First United Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	sturm tonya k.	sold (taxes)	-1,709	22.79	-75.00	svp & cfo
May 06, 2024	fisher robert l. ii	sold (taxes)	-2,233	22.79	-98.00	svp & chief revenue officer
May 02, 2024	rodeheaver carissa lynn	bought	3,408	22.83	149	chairman, president & ceo
May 02, 2024	boal brian r.	bought	1,554	22.83	68.07	-
May 02, 2024	rush jason barry	bought	2,105	22.83	92.234	svp & coo
May 01, 2024	rodeheaver carissa lynn	bought	1,206	22.88	52.7338	chairman, president & ceo
Mar 15, 2024	sanders keith	acquired	-	-	420	svp & senior trust officer
Mar 15, 2024	sturm tonya k.	sold (taxes)	-3,571	21.91	-163	svp & cfo
Mar 15, 2024	rush jason barry	acquired	-	-	502	svp & coo

Which funds bought or sold FUNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	EJF Capital LLC	reduced	-83.93	-4,317,050	801,850	0.56%
May 16, 2024	JANE STREET GROUP, LLC	new	-	1,003,160	1,003,160	-%
May 15, 2024	MORGAN STANLEY	added	17.09	58,211	471,059	-%
May 15, 2024	STATE STREET CORP	added	1.47	-5,365	474,145	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	new	-	209,000	209,000	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	262	210,958	294,348	-%
May 15, 2024	BARCLAYS PLC	unchanged	-	-2,000	82,000	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-37.34	-2,207	3,459	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	new	-	1,062,700	1,062,700	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	371	1,099,000	1,404,000	-%

Are Funds Buying or Selling FUNC?

Are funds buying FUNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FUNC

No. of Funds

Unveiling First United Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	5.0%	335,832	SC 13G
Feb 10, 2022	vanguard group inc	4.55%	301,078	SC 13G/A
Jul 12, 2021	blackrock inc.	1.3%	86,082	SC 13G/A
Apr 19, 2021	driver management co llc	0.00%	0	SC 13D/A
Mar 31, 2021	driver management co llc	5.16%	360,737	SC 13D/A
Feb 10, 2021	vanguard group inc	5.94%	415,473	SC 13G
Feb 02, 2021	blackrock inc.	5.6%	391,348	SC 13G
Jan 25, 2021	first united bank trust/	2.8%	194,223	SC 13G/A
Jan 20, 2021	first united bank trust/	5.6%	388,347	SC 13G/A
Jan 11, 2021	driver management co llc	5.16%	360,737	SC 13D/A

Recent SEC filings of First United Corp

View All Filings

Date Filed	Form Type	Document
May 10, 2024	8-K	Current Report
May 09, 2024	8-K	Current Report
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4/A	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4/A	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading

Peers (Alternatives to First United Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First United Corp News

Latest updates

Yahoo Lifestyle UK • 15 May 2024 • 11:25 am

Should Value Investors Buy First United (FUNC) Stock?

MarketBeat • 14 May 2024 • 08:02 am

First United (NASDAQ:FUNC) Stock Passes Above Two Hundred Day Moving Average of $21.49

Stock Traders Daily • 11 May 2024 • 10:30 am

(FUNC) Trading Advice

Investing.com • 07 May 2024 • 12:33 pm

First United Corp CEO acquires $1.2k in stock

Investing.com Australia • 07 May 2024 • 05:15 am

First United Corp CEO acquires shares worth $3.4k

Investing.com • 06 May 2024 • 07:00 am

First United Corp COO acquires $2.1k in company stock

TradingView • 23 Apr 2024 • 07:00 am

FUNC Stock Earnings: First United Beats EPS, Misses Revenue for Q1 2024

Stock Traders Daily • 02 Apr 2024 • 01:32 am

How To Trade (FUNC)

Investopedia • 26 Mar 2024 • 07:00 am

Private Company: What It Is, Types, and Pros and Cons

StockNews.com • 23 months ago

AE: 4 Dirt Cheap Stocks That Could Skyrocket

First United Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.3%	22.00	22.00	21.00	20.00	18.00	17.00	16.00	15.00	14.00	15.00	15.00	14.00	14.00	14.00	14.00	15.00	15.00	15.00	15.00	14.00	14.00
EBITDA Margin	-6.7%	0.88*	0.94*	1.10*	1.25*	1.36*	1.45*	1.52*	1.46*	1.42*	1.35*	1.26*	1.26*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.7%	14.00	14.00	14.00	14.00	15.00	15.00	15.00	14.00	13.00	14.00	14.00	13.00	12.00	12.00	12.00	13.00	12.00	12.00	12.00	12.00	11.00
Income Taxes	266.6%	1.00	0.00	1.00	1.00	1.00	2.00	3.00	2.00	2.00	2.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	134.2%	5.00	2.00	6.00	6.00	6.00	9.00	10.00	7.00	8.00	10.00	6.00	6.00	5.00	6.00	6.00	3.00	2.00	4.00	5.00	3.00	4.00
EBT Margin	-9.0%	0.22*	0.24*	0.34*	0.42*	0.47*	0.53*	0.57*	0.52*	0.50*	0.45*	0.38*	0.40*	-	-	-	-	-	-	-	-	-
Net Income	110.4%	4.00	2.00	5.00	4.00	4.00	7.00	7.00	5.00	6.00	8.00	4.00	4.00	3.00	5.00	5.00	3.00	2.00	3.00	4.00	3.00	3.00
Net Income Margin	-9.1%	0.17*	0.19*	0.27*	0.32*	0.36*	0.40*	0.43*	0.39*	0.38*	0.34*	0.29*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	-38.2%	4.00	6.00	9.00	4.00	3.00	7.00	8.00	5.00	3.00	9.00	4.00	-1.78	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.4%	1,913	1,906	1,928	1,928	1,937	1,848	1,804	1,752	1,760	1,730	1,709	1,764	1,782	1,733	1,686	1,640	1,462	1,442	1,441	1,406	1,417
Cash Equivalents	74.7%	87.00	50.00	81.00	89.00	156	74.00	31.00	22.00	76.00	116	135	194	193	149	156	117	72.00	50.00	84.00	39.00	54.00
Net PPE	-3.8%	30.00	31.00	33.00	34.00	34.00	35.00	35.00	35.00	34.00	35.00	35.00	36.00	36.00	37.00	37.00	38.00	39.00	39.00	38.00	38.00	38.00
Goodwill	0%	11.00	11.00	-	-	-	11.00	-	-	-	-	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	-	-	-
Liabilities	0.2%	1,747	1,744	1,773	1,773	1,785	1,696	1,672	1,620	1,623	1,588	1,575	1,633	1,653	1,602	1,556	1,515	1,343	1,316	1,312	1,279	1,295
Short Term Borrowings	75.0%	79.00	45.00	53.00	50.00	52.00	65.00	90.00	70.00	59.00	58.00	72.00	49.00	51.00	49.00	53.00	36.00	39.00	49.00	50.00	31.00	40.00
Long Term Debt	-36.1%	71.00	111	111	111	111	31.00	31.00	31.00	31.00	31.00	31.00	101	101	101	101	101	101	101	101	101	101
Shareholder's Equity	2.2%	165	162	155	155	153	152	132	133	137	142	134	131	129	131	130	124	119	126	129	126	122
Retained Earnings	1.4%	176	174	173	170	167	166	161	155	150	145	139	136	132	130	126	122	120	119	118	114	112
Additional Paid-In Capital	0.6%	24.00	24.00	25.00	25.00	25.00	24.00	24.00	24.00	24.00	24.00	24.00	23.00	30.00	30.00	30.00	30.00	30.00	32.00	32.00	32.00	32.00
Shares Outstanding	0.1%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	85,737	-	-	-	152	-	-	-	103	-	-	-	86.00	-	-	-	129	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-37.1%	3,588	5,704	8,720	4,536	3,510	7,818	8,266	7,384	3,075	9,584	3,815	-1,271	7,893	8,367	4,975	-842	3,669	10,297	4,202	894	997
Share Based Compensation	-45.2%	57.00	104	69.00	298	56.00	117	79.00	340	-4.00	83.00	-13.00	352	50.00	124	52.00	71.00	98.00	68.00	66.00	67.00	67.00
Cashflow From Investing	1621.1%	28,292	-1,860	-13,698	-57,339	-8,812	2,231	-44,791	-48,719	-81,125	-38,104	-3,737	25,051	-11,635	-55,337	-7,903	-128,975	934	-47,243	8,965	763	4,993
Cashflow From Financing	115.3%	5,299	-34,743	-2,921	-14,541	86,882	33,510	45,630	-13,130	38,446	9,302	-59,562	-22,375	47,327	40,796	41,444	174,899	17,426	2,755	32,014	-16,672	24,473
Dividend Payments	-0.9%	1,327	1,339	1,342	1,337	1,199	999	999	995	993	993	992	996	910	907	909	905	925	926	920	640	639
Buy Backs	-100.0%	-	1,475	21.00	-	-	-	-	-	-	-	-	7,179	-	-	-	-	2,754	-	-	-	-

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FUNC Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans	$ 19,218	$ 15,444
Interest on investment securities: Taxable	1,744	1,768
Interest on investment securities: Exempt from federal income tax	53	270
Total investment income	1,797	2,038
Other	883	347
Total interest income	21,898	17,829
Interest expense
Savings	48	79
Interest-bearing transaction accounts	4,701	2,186
Time deposits	1,517	413
Total interest on Deposits	6,266	2,678
Interest Expense, Savings Deposits	48	79
Interest on short-term borrowings	461	31
Interest on long-term borrowings	1,359	602
Total interest expense	8,086	3,311
Net interest income	13,812	14,518
Credit loss expense - loans	961	414
Credit loss expense - off-balance sheet credit exposures	(15)	129
Total credit loss expense	946	543
Net interest income after provision for credit losses	12,866	13,975
Other operating income
Net gains on sales of residential mortgage loans	82	54
Net gains	82	54
Total other income	4,793	4,339
Total other operating income	4,875	4,393
Other operating expenses
Salaries and employee benefits	7,157	7,296
FDIC premiums	269	193
Equipment expense	923	780
Occupancy expense of premises	954	785
Data processing expense	1,318	1,306
Marketing expense	134	120
Professional services	486	494
Contract labor	183	134
Telephone	109	110
Total OREO expense, net	86	124
Investor relations	53	83
Contributions	50	64
Other	1,159	1,149
Total other operating expenses	12,881	12,638
Income before income tax expense	4,860	5,730
Provision for income tax expense	1,162	1,355
Net Income	$ 3,698	$ 4,375
Basic net income per share	$ 0.56	$ 0.66
Diluted net income per share	$ 0.56	$ 0.65
Weighted average number of basic shares outstanding	6,642	6,675
Weighted average number of diluted shares outstanding	6,655	6,697
Dividends declared per common share	$ 0.20	$ 0.20
Service Charges on Deposit Accounts [Member]
Other operating income
Total other income	$ 556	$ 516
Other Service Charges [Member]
Other operating income
Total other income	215	232
Trust Department [Member]
Other operating income
Total other income	2,188	1,970
Debit Card Income [Member]
Other operating income
Total other income	932	955
Bank Owned Life Insurance [Member]
Other operating income
Total other income	326	305
Brokerage Commissions [Member]
Other operating income
Total other income	495	297
Other [Member]
Other operating income
Total other income	$ 81	$ 64

About First United Corp

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.

CEO	Ms. Carissa L. Rodeheaver CPA, CFP, CPA
WEBSITE	https://mybank.com
INDUSTRY	Banks Diversified
EMPLOYEES	298

First United Corp Frequently Asked Questions

What is the ticker symbol for First United Corp? What does FUNC stand for in stocks?

FUNC is the stock ticker symbol of First United Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First United Corp (FUNC)?

As of Fri May 17 2024, market cap of First United Corp is 147.87 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FUNC stock?

You can check FUNC's fair value in chart for subscribers.

What is the fair value of FUNC stock?

You can check FUNC's fair value in chart for subscribers. The fair value of First United Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First United Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FUNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First United Corp a good stock to buy?

The fair value guage provides a quick view whether FUNC is over valued or under valued. Whether First United Corp is cheap or expensive depends on the assumptions which impact First United Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FUNC.

What is First United Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FUNC's PE ratio (Price to Earnings) is 10.28 and Price to Sales (PS) ratio is 1.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FUNC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First United Corp's stock?

In the past 10 years, First United Corp has provided 0.116 (multiply by 100 for percentage) rate of return.