Raymond James Reaffirms Buy Rating on First United Corporation
Raymond James maintains its buy rating for First United Corporation, setting a $50 price target, a 13.35% upside from the current price.
Key Points
- Raymond James reiterated its buy rating for First United Corporation (FUNC) with a $50 price target on July 1, 2026.
- Raymond James's $50 price target implies 13.35% upside from First United Corporation's ($FUNC) current $44.11 share price.
- Shares of NasdaqGS:FUNC traded near $44.11 on Wednesday, with a market cap of about $284.4 million and a P/E ratio of 11.3.
- Recent insider activity at First United included both buys and sells by Carissa Lynn Rodeheaver on May 7, 2026.
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Raymond James reiterated its buy rating for First United Corporation (NASDAQ: FUNC) on July 1, 2026, setting a price target of $50. The reaffirmation comes as shares traded near $44.11 on Wednesday.
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First United Corporation Stock Up 2.2%
Shares of First United Corporation, trading under the ticker FUNC on NasdaqGS, were near $44.11 on Wednesday. The company has a market capitalization of approximately $284.4 million and a P/E ratio of 11.3. Its forward P/E stands at 9.4, with a beta of 0.528. The stock's 52-week range spans from $30.85 to $45.98, and it has moving averages of $39.22 over 50 days and $37.72 over 200 days.
$FUNC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
First United Corporation reported revenue of $88.2 million, showing an 11.2% growth. The company's net margin was 28.8%, and return on equity (ROE) stood at 13.0%. Earnings per share (EPS) were noted at $3.91. The next earnings report is expected on July 27, 2026.
Dividend
First United pays an annual dividend of $1.04 per share, yielding 2.34% with a payout ratio of 24.6%.
Insider Buying and Selling at First United Corporation
On May 7, 2026, Carissa Lynn Rodeheaver engaged in several transactions involving First United shares. She bought 4,108 shares and sold 641 shares, along with a separate sale of 2,638 shares at an average price of $37.54. Other insiders, including Christy DiPietro and Andrew Walls III, made purchases on May 27, 2026.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its buy rating on First United Corporation, setting a price target of $50. Earlier, on May 29, 2026, Hovde Group initiated coverage with a buy rating and a $44.5 target. The consensus among analysts is a buy rating with an average target price of $44.25.
About First United Corporation
First United Corporation, headquartered in Oakland, Maryland, is a bank holding company for First United Bank & Trust. It offers a variety of retail and commercial banking services across the United States through its Community Banking and Wealth Management segments. The company provides deposit products, business and personal loans, residential mortgages, and wealth management services. Led by CEO Jason B. Rush, First United has approximately 315 employees.
Bottom Line
Raymond James's reaffirmation of a buy rating on First United Corporation highlights continued confidence in the company's performance. Investors often track such ratings to gauge market sentiment, though it's important to remember that these are backward-looking assessments. As always, reviewing multiple sources and considering long-term trends is advisable when evaluating stock prospects.
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