First United Corporation (FUNC): fair value, margin of safety and Wheel Score

Is FUNC undervalued?

First United Corporation (FUNC) closed at 47.30 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 61.15, so the price sits 23% below it. 5 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.

The 9 models disagree widely: DDM gives 15.60 while 10 Cap gives 125.40. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for FUNC, so the nightly engine files it under Blend (value score 58, growth score 40, out of 100).

Nine valuation models for FUNC

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

On financial health FUNC scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 6.8 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.

Returns on capital are moderate - ROIC 7.7%, ROE 12.0%, ROA 1.2% - with debt at 0.56 times equity and a free-cash-flow yield of 10.5%.

The dividend yield is 2.24% at a payout ratio of 20%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Trust Department 53%, Debit Card Income 22%, Service Charges on Deposit Accounts 12% (fiscal year FY2025).

Institutional ownership scores 6/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 2 Nov 2026.

Wheel Score 34: No options

FUNC has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (34 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 35k shares a day on a market cap of $305M, with a beta of 0.52 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 3 Feb 2027, 90 days away - outside the window of a 30-45-day put sold today.

Analysts upgraded FUNC 1 time in the last 30 days with no downgrades; the latest action was an upgrade by UBS on 21 Oct 2026.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Banks - Regional

The 12 companies below are the closest to First United Corporation by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare FUNC with 7 of them   All Financial Services stocks →