First United (FUNC) to Release Quarterly Earnings on Tuesday

First United (NASDAQ:FUNC - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect First United to post earnings of $0.86 per share and revenue of $20.63 million for the quarter.

First United (NASDAQ:FUNC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The bank reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. First United had a net margin of 18.45% and a return on equity of 12.51%. On average, analysts expect First United to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First United Price Performance

Shares of NASDAQ FUNC traded down $0.05 during mid-day trading on Friday, reaching $28.00. 13,401 shares of the company were exchanged, compared to its average volume of 24,373. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.70. The company's 50 day moving average price is $32.31 and its 200 day moving average price is $32.96. First United has a 52 week low of $19.17 and a 52 week high of $42.50. The stock has a market capitalization of $181.24 million, a PE ratio of 8.89 and a beta of 0.58.

First United Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be given a $0.22 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.14%. First United's payout ratio is 27.94%.

Analyst Upgrades and Downgrades

FUNC has been the topic of several analyst reports. Raymond James upgraded First United from a "market perform" rating to an "outperform" rating and set a $42.00 price objective on the stock in a report on Friday, February 7th. StockNews.com lowered shares of First United from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

About First United

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit.