First United Corp (NASDAQ: FUNC) has reported earnings for its third fiscal quarter (ending September 30) of $0.89 versus $0.67 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.46 versus $3.04 for the same period a year ago.
Recent Price Action
On 10/21/24, First United Corp (NASDAQ: FUNC) stock declined slightly by -0.7%, closing at $31.32. Moreover, this decline was accompanied by above average trading volume at 136% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.7% during the last week.
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 consistent signals. First United has a good Appreciation Score of 72 and a very high Power Rating of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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