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FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2024 DIVIDEND
PRNewswire (Wed, 6-Mar 4:23 PM ET)
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2023 EARNINGS
PRNewswire (Mon, 5-Feb 4:01 PM ET)
First United Corp is active in the financial services domain. The scope of its offering includes checking, savings, money market deposit accounts and certificates of deposit, business loans, personal loans, mortgage loans and lines of credit extended to both individuals and businesses. In addition, it provides safe deposit and night depository facilities, insurance products and trust services. The bank also provides residential real estate construction loans to builders and individuals for single-family dwellings. It conducts business in two operating segments: Community Banking and Trust and Investment Services.
First United trades on the NASDAQ stock market under the symbol FUNC.
As of March 27, 2024, FUNC stock price climbed to $22.62 with 26,051 million shares trading.
FUNC has a beta of 0.75, meaning it tends to be less sensitive to market movements. FUNC has a correlation of 0.06 to the broad based SPY ETF.
FUNC has a market cap of $150.27 million. This is considered a Micro Cap stock.
Last quarter First United reported $15 million in Revenue and $.82 earnings per share. This beat revenue expectation by $123,000 and exceeded earnings estimates by $.21.
In the last 3 years, FUNC stock traded as high as $24.50 and as low as $12.56.
The top ETF exchange traded funds that FUNC belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, BSVO.
FUNC has outperformed the market in the last year with a price return of +37.0% while the SPY ETF gained +33.9%. However, in the short term, FUNC had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.9% vs +10.3% return in SPY. But in the last 2 weeks, FUNC shares have fared better than the market returning +2.1% compared to SPY +1.5%.
FUNC support price is $22.12 and resistance is $23.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUNC stock will trade within this expected range on the day.