First United (FUNC) AI Stock Analysis

• Market Cap: $192.89M
• Dividend Yield: 2.63%
• Average Volume (3M): 31.82K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.60
• Revenue Growth: 12.56%
• EPS Growth: -18.63%
• Country: US
• Employees: 338
• Sector: Financial
• Sector Strength: 77
• Industry: Banking
• EPS (TTM): 3.15
• Shares Outstanding: 6,468,625
• 10 Day Avg. Volume: 19,330
• 30 Day Avg. Volume: 31,817
• PEG Ratio: 0.25
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.91
• Price to Cash Flow (P/CF): 22.60
• P/FCF Ratio: 6.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $42.00
• Price Target Upside: 42.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

First United's strong financial performance, characterized by robust revenue and profit growth and effective cost management, drives the overall score. Technical indicators suggest neutral stock momentum, and the valuation is reasonable with a moderate P/E ratio and a modest dividend yield. The relatively high liabilities compared to assets require monitoring but do not significantly detract from the company's stable financial health.

First United Business Overview & Revenue Model

Company Description

First United (FUNC) is a diversified financial services company operating across various sectors including banking, investment management, and insurance. The company provides a comprehensive suite of financial products and services to individual and institutional clients, focusing on delivering customized solutions to meet diverse financial needs.

How the Company Makes Money

First United (FUNC) generates revenue through its core financial services, which include retail and commercial banking, asset management, and insurance services. The company earns profits from interest income on loans and mortgages, fees from banking services, asset management fees, and insurance premiums. Key revenue streams also include investment income and trading activities. FUNC's earnings are bolstered by strategic partnerships with other financial institutions and technology providers, enhancing its service offerings and expanding its market reach.

First United Financial Statement Overview

Summary

First United demonstrates strong financial performance with robust revenue and profit growth, efficient cost management, and effective leverage management. However, attention should be given to potential fluctuations in free cash flow and relatively high liabilities compared to assets.

Income Statement

First United shows robust revenue and net income growth in the TTM period compared to the previous year. The gross profit margin stands at 62.36%, indicating efficient cost management. The net profit margin improved to 16.46%, highlighting enhanced profitability. However, the lack of EBITDA margin data for the TTM period slightly hinders comprehensive analysis.

Balance Sheet

The company maintains a solid equity base with a debt-to-equity ratio of 0.98, suggesting good leverage management. The return on equity is strong at 9.28%, showcasing effective use of equity to generate profits. The equity ratio is healthy at 9.08%, reflecting a stable financial position. However, the relatively high total liabilities compared to assets indicate potential risk.

Cash Flow

Operating cash flow is positive and closely aligns with net income, resulting in a favorable operating cash flow to net income ratio of 1.17. Free cash flow remains stable, but its growth rate is negative compared to previous periods. The company's ability to generate cash supports ongoing operations, despite fluctuations in free cash flow.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
98.09M	69.72M	75.68M	73.66M	67.12M	63.17M
	Gross Profit
61.17M	31.15M	41.85M	40.97M	34.42M	28.17M
	EBIT
36.53M	14.47M	34.33M	26.31M	18.36M	16.49M
	EBITDA
7.70M	0.00	36.83M	29.74M	21.34M	19.86M
	Net Income Common Stockholders
16.14M	15.06M	25.05M	19.77M	13.84M	13.13M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
161.18M	49.75M	200.20M	402.49M	376.32M	181.28M
	Total Assets
1.38B	1.91B	1.85B	1.73B	1.73B	1.44B
	Total Debt
140.93M	112.48M	97.87M	33.69M	103.89M	104.17M
	Net Debt
117.39M	62.73M	23.55M	-82.03M	-45.55M	54.19M
	Total Liabilities
1.27B	1.74B	1.70B	1.59B	1.60B	1.32B
	Stockholders Equity
117.07M	161.87M	151.79M	141.90M	131.69M	125.94M
Cash Flow		Free Cash Flow
18.91M	22.12M	22.97M	18.89M	14.56M	12.42M
	Operating Cash Flow
18.92M	22.47M	26.54M	20.02M	16.17M	16.39M
	Investing Cash Flow
1.13M	-81.71M	-172.40M	-28.43M	-191.28M	-32.52M
	Financing Cash Flow
-38.30M	34.68M	104.46M	-25.31M	274.56M	42.57M

First United Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUNC, the sentiment is Negative. The current price of 29.38 is below the 20-day moving average (MA) of 37.58, below the 50-day MA of 34.77, and below the 200-day MA of 29.48, indicating a neutral trend. The MACD of -0.62 indicates Positive momentum. The RSI at 30.69 is Neutral, neither overbought nor oversold. The STOCH value of 6.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FUNC.

First United Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRCE	75 Outperform	$1.46B	11.17	12.51%	2.35%	12.26%	7.48%
CZNC	70 Outperform	$307.77M	12.12	9.60%	5.63%	3.55%	7.29%
FMBH	65 Neutral	$839.38M	10.69	9.62%	2.69%	17.70%	3.88%
FUNC	64 Neutral	$192.89M	10.12	12.06%	2.63%	12.56%	-18.63%
CAC	64 Neutral	$679.31M	11.45	10.33%	4.05%	14.18%	22.19%
Sector *	64 Neutral	$13.80B	10.64	9.23%	4.22%	17.66%	-7.66%
MSBI	54 Neutral	$396.78M	12.51	-1.83%	6.59%	3.95%	-135.44%

First United Corporate Events

First United Announces Board Member Retirement

Marisa Shockley has announced her retirement from the Board of Directors of First United Corporation and First United Bank & Trust, effective December 1, 2024, to focus on personal interests following her family business retirement. Her departure is amicable, with no disagreements regarding company operations or policies.