Alert: Positive Investment/Fundamental Signals (8/15/24)-First United Corp (NASDAQ: FUNC)

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First United Corp (NASDAQ: FUNC) has benefited from significant positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

First United Corp (NASDAQ: FUNC). Important positive changes in investment behavior have recently occurred: 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.

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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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First United has a good Power Rating of 72 and a good Appreciation Score of 76, and the Highest Value Trend Rating results.

Recent Price Action

On 8/15/24, First United Corp (NASDAQ: FUNC) stock increased 1.6%, closing at $27.85. However, this advance was accompanied by below average trading volume at 70% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.1% during the last week.

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