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|FUNC Stock Split History|
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First United (FUNC) has 3 splits in our FUNC split history database. The first split for FUNC took place on June 16, 1993. This was a 2 for 1 split, meaning for each share of FUNC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FUNC's second split took place on February 09, 1994. This was a 3 for 2 split, meaning for each 2 shares of FUNC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. FUNC's third split took place on March 13, 1996. This was a 105 for 100 split, meaning for each 100 shares of FUNC owned pre-split, the shareholder now owned 105 shares. For example, a 3000 share position pre-split, became a 3150 share position following the split.
When a company such as First United splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FUNC split history from start to finish, an original position size of 1000 shares would have turned into 3150 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First United shares, starting with a $10,000 purchase of FUNC, presented on a split-history-adjusted basis factoring in the complete FUNC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||20.41%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||20.17%|
|About First United|
|First United is a bank holding company. Through its subsidiary, First United Bank & Trust (the Bank), Co. is engaged in providing a range of retail and commercial banking services to businesses and individuals in its market areas. Co.'s services include checking, savings, money market deposit accounts, and certificates of deposit, business loans, personal loans, mortgage loans, lines of credit, and consumer-oriented retirement accounts. In addition, the Bank provides brokerage services through a networking arrangement with Cetera Investment Services, LLC., a broker-dealer. The Bank also provides safe deposit and night depository facilities, insurance products and trust services. According to our FUNC split history records, First United has had 3 splits.|
|FUNC Split History Table|
|06/16/1993||2 for 1|
|02/09/1994||3 for 2|
|03/13/1996||105 for 100|
|Financials Stock Splits|
|FUNC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: FUNC shares outstanding history