First United (NASDAQ:FUNC – Get Free Report) released its quarterly earnings results on Monday. The bank reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10, Yahoo Finance reports. First United had a return on equity of 11.78% and a net margin of 13.84%. The firm had revenue of $28.17 million for the quarter, compared to analyst estimates of $20.30 million.
First United Stock Performance
NASDAQ FUNC traded up $0.11 on Tuesday, hitting $31.43. 425 shares of the stock traded hands, compared to its average volume of 23,061. First United has a 12 month low of $15.68 and a 12 month high of $31.93. The business’s fifty day moving average is $29.37 and its two-hundred day moving average is $24.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $208.98 million, a price-to-earnings ratio of 14.62 and a beta of 0.79.
First United Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.80%. This is a positive change from First United’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, October 18th. First United’s dividend payout ratio is 40.93%.
Insider Activity at First United
Analyst Ratings Changes
Separately, StockNews.com upgraded First United from a “hold” rating to a “buy” rating in a research report on Monday, October 7th.
Read Our Latest Report on FUNC
First United Company Profile
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.
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