Recent meaningful positive changes in fundamentals have benefitted First United Corp (NASDAQ: FUNC): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
First United Corp (NASDAQ: FUNC) has recently enjoyed significant positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FUNC is expected to continue to be a modest Value Builder.
First United has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First United has a slightly positive Appreciation Score of 66 and a good Power Rating of 85, and the Highest Value Trend Rating results.
Recent Price Action
On 12/21/23, First United Corp (NASDAQ: FUNC) stock was unchanged 0.0%, closing at $22.19. Moreover, trading volume in this flat performance was exceptionally high at 283% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
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