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

22.59USD-0.05 (-0.22%)Market Closed

Market Summary

USD22.59-0.05

Market Closed

-0.22%

FUNC Stock Price

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FUNC RSI Chart

FUNC Valuation

Market Cap

150.1M

Price/Earnings (Trailing)

9.96

Price/Sales (Trailing)

1.85

EV/EBITDA

2.77

Price/Free Cashflow

6.79

FUNC Price/Sales (Trailing)

FUNC Profitability

EBT Margin

24.00%

Return on Equity

9.3%

Return on Assets

0.79%

Free Cashflow Yield

14.74%

FUNC Fundamentals

FUNC Revenue

Revenue (TTM)

81.2M

Rev. Growth (Yr)

27.84%

Rev. Growth (Qtr)

4.85%

FUNC Earnings

Earnings (TTM)

15.1M

Earnings Growth (Yr)

-74.77%

Earnings Growth (Qtr)

-61.05%

Breaking Down FUNC Revenue

Last 7 days

1.4%

Last 30 days

-1.4%

Last 90 days

-0.7%

Trailing 12 Months

57.3%

How does FUNC drawdown profile look like?

FUNC Financial Health

Debt/Equity

0.69

Debt/Cashflow

0.2

FUNC Investor Care

Dividend Yield

3.54%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

0.40%

Diluted EPS (TTM)

2.25

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
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
Mar 15, 2024	sanders keith	acquired	-	-	420	svp & senior trust officer
Mar 15, 2024	sturm tonya k.	acquired	-	-	427	svp & cfo
Mar 15, 2024	fisher robert l. ii	acquired	-	-	526	chief revenue officer
Mar 15, 2024	rodeheaver carissa lynn	acquired	-	-	764	chairman, president & ceo
Mar 15, 2024	fisher robert l. ii	sold (taxes)	-4,425	21.91	-202	chief revenue officer
Mar 15, 2024	rush jason barry	acquired	-	-	502	svp & coo
Mar 15, 2024	sturm tonya k.	sold (taxes)	-3,571	21.91	-163	svp & cfo
Mar 13, 2024	rush jason barry	back to issuer	-	-	-1,393	svp & coo
Mar 13, 2024	sanders keith	back to issuer	-	-	-1,116	svp & senior trust officer
Mar 13, 2024	sturm tonya k.	back to issuer	-	-	-1,159	svp & cfo

Which funds bought or sold FUNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-10.26	-38,654	269,332	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	new	-	237,063	237,063	0.01%
Mar 11, 2024	VANGUARD GROUP INC	unchanged	-	2,169,560	7,001,560	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	121	722,896	1,049,390	-%
Feb 15, 2024	BARCLAYS PLC	reduced	-9.48	20,000	84,000	-%
Feb 15, 2024	State of Wyoming	added	298	27,094	32,773	0.01%
Feb 14, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	340,002	340,002	-%
Feb 14, 2024	Royal Bank of Canada	unchanged	-	88,000	285,000	-%
Feb 14, 2024	GENDELL JEFFREY L	added	4.4	1,336,340	3,942,720	0.21%
Feb 14, 2024	BASSWOOD CAPITAL MANAGEMENT, L.L.C.	reduced	-15.4	675,978	3,669,860	0.24%

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
Apr 24, 2024	8-K	Current Report
Mar 19, 2024	DEF 14A	DEF 14A
Mar 19, 2024	DEFA14A	DEFA14A
Mar 15, 2024	10-K	Annual Report
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 13, 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	552.3B	171.1B	-4.27%	35.79%	11.15	3.23	60.72%	31.52%
BAC	289.4B	127.4B	-2.40%	27.44%	11.56	2.27	44.27%	-12.56%
WFC	212.2B	85.7B	2.35%	48.02%	11.09	2.48	41.49%	39.96%
C	117.2B	133.3B	-3.02%	29.80%	12.7	0.88	79.09%	-
CFG	15.6B	10.2B	-6.01%	20.11%	9.73	1.53	44.53%	-22.43%
KEY	13.5B	7.9B	-8.35%	35.17%	13.99	1.71	46.47%	-49.56%
MID-CAP
CMA	6.7B	4.2B	-8.77%	18.05%	9.57	1.57	34.68%	-45.96%
ZION	6.0B	3.9B	-6.04%	52.05%	8.88	1.53	45.91%	-25.03%
ABCB	3.3B	1.3B	-1.86%	45.15%	12.18	2.56	43.24%	-22.35%
ASB	3.2B	1.8B	-2.05%	22.22%	19.76	1.73	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	388.8M	164.9M	-9.76%	37.38%	33.25	2.36	42.66%	-70.76%
AROW	368.6M	162.6M	-10.99%	2.96%	12.26	2.27	25.39%	-38.37%
ACNB	276.8M	96.6M	-13.46%	11.06%	8.73	2.86	11.02%	-11.37%
ASRV	41.5M	60.9M	-6.92%	-17.97%	-12.4	0.68	24.06%	-144.92%

First United Corp News

Latest updates

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.9%	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	14.00
EBITDA Margin	-14.6%	0.94*	1.10*	1.25*	1.36*	1.45*	1.52*	1.46*	1.42*	1.35*	1.26*	1.26*	1.20*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.5%	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	11.00
Income Taxes	-76.0%	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	1.00
Earnings Before Taxes	-64.4%	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	3.00
EBT Margin	-30.1%	0.24*	0.34*	0.42*	0.47*	0.53*	0.57*	0.52*	0.50*	0.45*	0.38*	0.40*	0.35*	-	-	-	-	-	-	-	-	-
Net Income	-61.0%	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	2.00
Net Income Margin	-30.1%	0.19*	0.27*	0.32*	0.36*	0.40*	0.43*	0.39*	0.38*	0.34*	0.29*	0.30*	0.27*	-	-	-	-	-	-	-	-	-
Free Cashflow	-34.2%	6.00	9.00	4.00	3.00	7.00	8.00	5.00	3.00	9.00	4.00	-1.78	8.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-1.2%	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	1,384
Cash Equivalents	-38.3%	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	24.00
Net PPE	-4.0%	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	38.00
Goodwill	-	11.00	-	-	-	11.00	-	-	-	-	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	-	-	-	11.00
Liabilities	-1.6%	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	1,267
Short Term Borrowings	-14.8%	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	78.00
Long Term Debt	0%	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	101
Shareholder's Equity	4.4%	162	155	155	153	152	132	133	137	142	134	131	129	131	130	124	119	126	129	126	122	117
Retained Earnings	0.2%	174	173	170	167	166	161	155	150	145	139	136	132	130	126	122	120	119	118	114	112	109
Additional Paid-In Capital	-5.2%	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	32.00
Shares Outstanding	-1.1%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-34.6%	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	10,689
Share Based Compensation	50.7%	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	66.00
Cashflow From Investing	86.4%	-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	-44,599
Cashflow From Financing	-1089.4%	-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	33,894
Dividend Payments	-0.2%	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	6923.8%	1,475	21.00	-	-	-	-	-	-	-	-	7,179	-	-	-	-	2,754	-	-	-	-	-

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FUNC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Interest and fees on loans	$ 69,569	$ 54,448
Interest on investment securities: Taxable	7,173	6,252
Interest on investment securities: Exempt from federal income tax	714	1,106
Total investment income	7,887	7,358
Other	3,700	616
Total interest income	81,156	62,422
Interest expense
Interest on deposits	19,198	3,226
Interest on short-term borrowings	147	112
Interest on long-term borrowings	4,941	1,451
Total interest expense	24,286	4,789
Net interest income	56,870	57,633
Credit loss (credit)/expense	1,700	(643)
Credit loss expense - debt securities held to maturity	45
Credit loss (credit)/expense- unfunded commitments	(125)	16
Total credit loss expense/(credit)	1,620	(627)
Net interest income after provision for credit losses	55,250	58,260
Other operating income
Net (losses)/gains on investments, available for sale	(4,214)	3
Net gains on investments, held to maturity		91
Net gains on sales of residential mortgage loans	381	45
Net (losses)/gains on disposal of fixed assets	(29)	33
Net (losses)/gains	(3,862)	172
Total other income	18,331	17,878
Total other operating income	14,469	18,050
Other operating expenses
Salaries and employee benefits	27,503	24,130
FDIC premiums	992	636
Equipment expense	4,356	4,163
Occupancy expense of premises	3,445	2,906
Data processing expense	3,980	3,444
Marketing expense	762	543
Professional services	2,160	1,538
Contract labor	643	618
Telephone	466	482
Total OREO (income)/expense, net	(89)	590
Investor relations	345	300
Contributions	229	288
Other	5,451	3,491
Total other operating expenses	50,243	43,129
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	19,476	33,181
Provision for income tax expense	4,416	8,133
Net Income	$ 15,060	$ 25,048
Basic net income per share	$ 2.25	$ 3.77
Diluted net income per share	$ 2.25	$ 3.76
Weighted average number of basic shares outstanding	6,686	6,650
Weighted average number of diluted shares outstanding	6,701	6,661
Dividends declared per common share	$ 0.80	$ 0.63
Service Charges on Deposit Accounts [Member]
Other operating income
Total other income	$ 2,198	$ 1,981
Other Service Charges [Member]
Other operating income
Total other income	929	925
Trust Department [Member]
Other operating income
Total other income	8,282	8,244
Debit Card Income [Member]
Other operating income
Total other income	4,101	3,958
Bank Owned Life Insurance [Member]
Other operating income
Total other income	1,261	1,196
Brokerage Commissions [Member]
Other operating income
Total other income	1,160	1,049
Other [Member]
Other operating income
Total other income	$ 400	$ 525

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 Tue Apr 30 2024, market cap of First United Corp is 150.07 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 Tue Apr 30 2024, FUNC's PE ratio (Price to Earnings) is 9.96 and Price to Sales (PS) ratio is 1.85. 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 0.118 (multiply by 100 for percentage) rate of return.