Alert: New Earnings Report (7/22/24)-First United Corp (NASDAQ: FUNC).

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For its second fiscal quarter (ending June 30), First United Corp (NASDAQ: FUNC) has reported a 14% increase in E.P.S. from $0.66 a year ago to $0.75 in the current quarter. This performance was $0.09 better than the consensus estimate of $0.66. E.P.S. were $2.24 for the latest four quarters through June 30 versus $3.41 for the same period a year ago — a decline of -34%.

Recent Price Action

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First United Corp (NASDAQ: FUNC) stock closed at $24.01 on 7/22/24 after being unchanged was unchanged. However, trading volume in this flat performance was below average at 80% of normal. The stock has risen 9.1% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First United has a neutral Power Rating of 60 but a good Appreciation Score of 79, leading to the Positive Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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