First United (NASDAQ:FUNC - Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09, Zacks reports. First United had a return on equity of 12.51% and a net margin of 18.45%.
First United Stock Performance
NASDAQ:FUNC traded up $3.54 on Friday, hitting $40.10. The stock had a trading volume of 110,732 shares, compared to its average volume of 33,702. The business's 50-day simple moving average is $33.91 and its two-hundred day simple moving average is $31.63. The stock has a market cap of $259.45 million, a price-to-earnings ratio of 12.73 and a beta of 0.81. First United has a 52-week low of $19.17 and a 52-week high of $40.63. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.70.
First United Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, January 17th. First United's dividend payout ratio is 27.94%.
Analysts Set New Price Targets
A number of brokerages have weighed in on FUNC. StockNews.com raised First United from a "hold" rating to a "buy" rating in a research report on Saturday. Raymond James raised shares of First United from a "market perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a report on Friday.
Check Out Our Latest Report on FUNC
About First United
(
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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.
Further Reading
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