Raymond James Rates First United (FUNC) buy, $50 Price Target

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.

First United Corporation Stock Down 0.5%

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.

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.