First United Corp. (FUNC)
NASDAQ:FUNC
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First United
(NASDAQ:FUNC)
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Rating:69Neutral
Price Target:
$39.00
â–²(6.06% Upside)
Action:DowngradedDate:03/11/26
The score is driven primarily by solid financial performance (strong 2025 growth, improved leverage) and attractive valuation (low P/E with a dividend). These positives are partially offset by weaker technical momentum (below key moving averages with negative MACD), while recent corporate actions (buyback and dividends) add support.
Positive Factors
Improved Leverage
Material reduction in debt and a lower debt-to-equity ratio meaningfully strengthens the bank’s capital structure. This improves regulatory and liquidity flexibility, reduces interest burden sensitivity, and supports lending, dividends and buybacks over the medium term.
Negative Factors
Profitability Volatility
Margins and earnings have shown cycle-driven swings relative to prior peaks, indicating sensitivity to rate and credit cycles. This variability complicates forecasting, can pressure ROE in downturns, and may constrain consistent capital deployment over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Material reduction in debt and a lower debt-to-equity ratio meaningfully strengthens the bank’s capital structure. This improves regulatory and liquidity flexibility, reduces interest burden sensitivity, and supports lending, dividends and buybacks over the medium term.
Read all positive factors
First United (FUNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$236.26M
Dividend Yield2.38%
Average Volume (3M)23.53K
Price to Earnings (P/E)9.9
Beta (1Y)0.88
Revenue Growth11.72%
EPS Growth55.87%
CountryUS
Employees291
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.10
Shares Outstanding6,501,382
10 Day Avg. Volume39,325
30 Day Avg. Volume23,531
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)1.19
Price to Sales (P/S)2.04
P/FCF Ratio15.77
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.86
Enterprise Value/Gross Profit2.65
Enterprise Value/Ebitda6.37
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.2
Revenue Forecast (FY)$94.09M
First United Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
FUNC makes money primarily through its banking subsidiary by earning interest income on loans and investment securities and paying interest on deposits and other funding sources; the difference is net interest income, which is typically the compan...
First United Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
72
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.18M | 111.80M | 95.61M | 80.44M | 78.61M |
| Gross Profit | 83.70M | 76.87M | 69.75M | 76.28M | 73.72M |
| EBITDA | 32.53M | 31.02M | 24.39M | 36.83M | 29.74M |
| Net Income | 24.52M | 20.57M | 15.06M | 25.05M | 19.77M |
Balance Sheet | |||||
| Total Assets | 2.09B | 1.97B | 1.91B | 1.85B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 236.97M | 149.94M | 146.92M | 200.20M | 402.49M |
| Total Debt | 115.95M | 187.72M | 157.90M | 97.87M | 91.39M |
| Total Liabilities | 1.88B | 1.79B | 1.74B | 1.70B | 1.59B |
| Stockholders Equity | 203.63M | 179.29M | 161.87M | 151.79M | 141.90M |
Cash Flow | |||||
| Free Cash Flow | 15.40M | 20.36M | 22.12M | 22.97M | 18.89M |
| Operating Cash Flow | 19.37M | 22.28M | 22.47M | 26.54M | 20.02M |
| Investing Cash Flow | -48.01M | -38.44M | -81.71M | -172.40M | -28.43M |
| Financing Cash Flow | 81.92M | 44.73M | 34.68M | 104.46M | -25.31M |
First United Technical Analysis
Negative
36.77
Price Trends
37.12
Negative
37.35
Negative
35.70
Positive
Market Momentum
-0.09
Negative
48.02
Neutral
51.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUNC, the sentiment is Negative. The current price of 36.77 is above the 20-day moving average (MA) of 36.20, below the 50-day MA of 37.12, and above the 200-day MA of 35.70, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 51.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FUNC.
First United Risk Analysis
First United disclosed 40 risk factors in its most recent earnings report. First United reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First United Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $267.63M | 10.36 | 12.74% | 1.99% | 5.50% | -5.19% | |
70 Outperform | $315.58M | 9.26 | 12.03% | 4.21% | -4.66% | -58.94% | |
69 Neutral | $236.26M | 9.91 | 12.61% | 2.38% | 11.72% | 55.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $259.74M | 16.58 | 5.51% | 2.18% | 7.37% | 27.35% | |
58 Neutral | $267.89M | 11.43 | 8.92% | 0.87% | 16.68% | 322.32% |
* Financial Sector Average
FUNC
First United
36.34
7.17
24.56%
NWFL
Norwood Financial
28.98
5.98
26.02%
OVLY
Oak Valley Bancorp [Ca]
31.81
7.41
30.37%
WNEB
Western New England Bancorp
12.82
3.75
41.30%
FVCB
FVCBankcorp
14.93
4.50
43.14%
FBLA
FB Bancorp, Inc.
13.49
2.23
19.80%
First United Corporate Events
Dividends
First United Declares Second-Quarter 2026 Cash Dividend
Positive
Mar 6, 2026
On March 4, 2026, First United Corporation announced that its Board of Directors declared a second-quarter 2026 cash dividend of $0.26 per share. The dividend will be paid on May 1, 2026, to shareholders of record as of the close of business on Ap...
Business Operations and StrategyDividendsFinancial Disclosures
First United Reports Record 2025 Earnings and Dividend
Positive
Feb 4, 2026
On February 4, 2026, First United Corporation reported its financial results for the three- and twelve-month periods ended December 31, 2025, highlighting record core earnings on a non-GAAP basis. Full-year GAAP net income rose to $24.5 million, o...
Stock Buyback
First United Board Approves Significant Common Stock Buyback
Positive
Jan 27, 2026
On January 26, 2026, First United Corporation’s board authorized a stock repurchase program allowing the company to buy back up to 1,000,000 shares of its common stock, representing about 15.4% of shares outstanding at that time, over an 18&...
Executive/Board Changes
First United appoints Jason Rush as new CEO
Positive
Jan 16, 2026
Effective January 1, 2026, longtime executive Carissa L. Rodeheaver moved from her role as Chairman, President and Chief Executive Officer of First United Corporation and First United Bank Trust to become Executive Chairman, retaining board leade...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.