Recent extremely meaningful positive changes in investment behavior have benefitted First United Corp (NASDAQ: FUNC): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
First United Corp (NASDAQ: FUNC). Meaningful positive changes in fundamentals have recently occurred. Positive developments: significant quarterly sales acceleration occurred, the stock’s power rating rose above 70, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. 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 B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First United has a good Appreciation Score of 70 and a good Power Rating of 76, resulting in the Positive Value Trend Rating.
Recent Price Action
First United Corp (NASDAQ: FUNC) stock enjoyed a large increase of 3.3% on 12/4/23. The stock closed at $20.10. Moreover, this advance was accompanied by exceptionally high trading volume at 376% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.4% during the last week.
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