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; indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit, and night depository facilities. It operates 25 banking offices, one customer care center, and 32 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, Monongalia, and Harrison counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.
IPO Year:
Exchange: NASDAQ
Website: mybank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/8/2022 | $24.00 → $26.00 | Outperform | Raymond James |
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Raymond James reiterated coverage of First United with a rating of Outperform and set a new price target of $26.00 from $24.00 previously
Raymond James initiated coverage of First United with a rating of Outperform and set a new price target of $24.00
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
10-K/A - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
10-Q - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
OAKLAND, Md., Oct. 21, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and nine-month periods ended September 30, 2024. Consolidated net income was $5.8 million for the third quarter of 2024, or $0.89 per diluted share, compared to $4.5 million, or $0.67 per diluted share, for the third quarter of 2023 and $4.9 million, or $0.75 per diluted share, for the second quarter of 2024. Year-to-date income was $14.4 million, or $2.19 per diluted share, compared to $13.3 million, or $1.98 per diluted share, f
OAKLAND, Md., Sept. 25, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on November 1, 2024, to holders of record of the Corporation's common stock as of October 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 22, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and six-month periods ended June 30, 2024. Consolidated net income was $4.9 million, or $0.75 per diluted share, for the second quarter of 2024, compared to $4.4 million, or $0.66 per diluted share, for the second quarter of 2023 and $3.7 million, or $0.56 per diluted share, for the first quarter of 2024. Year to date income was $8.6 million, or $1.31 per diluted share, compared to $8.8 million, or $1.31 per diluted share, for the
OAKLAND, Md., June 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2024, to holders of record of the Corporation's common stock as of July 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and
OAKLAND, Md., April 23, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023. According to Carissa Rodeheaver, Chairman, President and CEO, "The first quarter of 2024 was a solid quarter with stable net income impac
OAKLAND, Md., March 6, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on May 1, 2024, to holders of record of the Corporation's common stock as of April 17, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disp
OAKLAND, Md., Feb. 5, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and twelve-month periods ended December 31, 2023. For the year ended December 31, 2023, consolidated net income was $15.1 million, or $2.25 per basic share and $2.24 per diluted share, compared to $25.0 million, or $3.77 per basic share and $3.76 per diluted share, for the year ended December 31, 2022. According to Carissa Rodeheaver, Chairman, President and CEO, "2023 was a challenging year as we experienced industry turmoil, the impact of the rapidly increased rate enviro
OAKLAND, Md., Nov. 29, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation's common stock as of January 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., Sept. 27, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on November 1, 2023, to holders of record of the Corporation's common stock as of October 18, 2023. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 24, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and six-month periods ended June 30, 2023. Consolidated net income was $4.4 million for the second quarter of 2023, or $0.66 per share (basic and diluted), compared to $5.4 million, or $0.82 per share (basic and diluted), for the second quarter of 2022 and $4.4 million, or $0.66 per basic share and $0.65 per diluted share, for the first quarter of 2023. Year to date income was $8.8 million, or $1.32 per basic share $1.31 per diluted share, compared to $11.1 million, or $1.
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OAKLAND, Md., Oct. 21, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and nine-month periods ended September 30, 2024. Consolidated net income was $5.8 million for the third quarter of 2024, or $0.89 per diluted share, compared to $4.5 million, or $0.67 per diluted share, for the third quarter of 2023 and $4.9 million, or $0.75 per diluted share, for the second quarter of 2024. Year-to-date income was $14.4 million, or $2.19 per diluted share, compared to $13.3 million, or $1.98 per diluted share, f
OAKLAND, Md., Sept. 25, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on November 1, 2024, to holders of record of the Corporation's common stock as of October 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 22, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and six-month periods ended June 30, 2024. Consolidated net income was $4.9 million, or $0.75 per diluted share, for the second quarter of 2024, compared to $4.4 million, or $0.66 per diluted share, for the second quarter of 2023 and $3.7 million, or $0.56 per diluted share, for the first quarter of 2024. Year to date income was $8.6 million, or $1.31 per diluted share, compared to $8.8 million, or $1.31 per diluted share, for the
OAKLAND, Md., June 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2024, to holders of record of the Corporation's common stock as of July 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and
OAKLAND, Md., April 23, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023. According to Carissa Rodeheaver, Chairman, President and CEO, "The first quarter of 2024 was a solid quarter with stable net income impac
OAKLAND, Md., March 6, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on May 1, 2024, to holders of record of the Corporation's common stock as of April 17, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disp
OAKLAND, Md., Nov. 29, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation's common stock as of January 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., Sept. 27, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on November 1, 2023, to holders of record of the Corporation's common stock as of October 18, 2023. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 24, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and six-month periods ended June 30, 2023. Consolidated net income was $4.4 million for the second quarter of 2023, or $0.66 per share (basic and diluted), compared to $5.4 million, or $0.82 per share (basic and diluted), for the second quarter of 2022 and $4.4 million, or $0.66 per basic share and $0.65 per diluted share, for the first quarter of 2023. Year to date income was $8.8 million, or $1.32 per basic share $1.31 per diluted share, compared to $11.1 million, or $1.
OAKLAND, Md., June 28, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2023, to holders of record of the Corporation's common stock as of July 18, 2023. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and di
First United (NASDAQ:FUNC) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.66 by 13.64 percent.
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the financial services sector: Universal Insurance Hldgs (NYSE:UVE) - P/E: 7.01 Premier Financial (NASDAQ:PFC) - P/E: 6.85 Community Trust Bancorp (NASDAQ:CTBI) - P/E: 8.68 First United (NASDAQ:FUNC) - P/E: 7.25 Sandy Spring Bancorp (NASDAQ:SASR) - P/E: 8.66 Universal Insurance Hldgs saw a decrease in earnings per share from 0.87 in Q2 to $-0.16 now. Premier Finan
Tuesday marks the last chance for investors to receive the next dividend payout from First United (NASDAQ:FUNC). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Wednesday, First United will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FUNC as of the end of Tuesday's session are eligible to receive the 20 cents dividen
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Independent Bank (NASDAQ:IBCP) - P/E: 8.93 First United (NASDAQ:FUNC) - P/E: 7.9 Main Street Capital (NYSE:MAIN) - P/E: 8.75 SB Finl Gr (NASDAQ:SBFG) - P/E: 9.03 First Citizens B
First United (NASDAQ:FUNC) reported quarterly earnings of $0.66 per share. This is a 19.51 percent decrease over earnings of $0.82 per share from the same period last year.
Friday marks the last chance for investors to receive the next dividend payout from First United (NASDAQ:FUNC). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Monday, First United will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own FUNC as of the end of Friday's session are eligible to receive the 20 cents dividend payout
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Tuesday's session saw 286 companies set new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was U.S. Bancorp (NYSE:USB). Windtree Therapeutics (NASDAQ:WINT) is the smallest company on a market cap basis to set a new 52-week low. cbdMD (AMEX:YCBD) made the largest move down on the session, with shares plummeting 4671.11% to reach its 52-week low. Chimerix (NASDAQ:CMRX)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Tuesday: U.S. Bancorp (NYSE:USB) shares hit a yearly low of $32.15. The stock was down 1.66%