First United (NASDAQ:FUNC) Posts Earnings Results, Beats Estimates By $0.09 EPS

First United (NASDAQ:FUNC) issued its quarterly earnings data on Wednesday. The bank reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09, Zacks reports. First United had a return on equity of 12.20% and a net margin of 14.70%.

First United Stock Performance

Shares of NASDAQ FUNC traded up $0.64 during mid-day trading on Wednesday, hitting $33.51. The stock had a trading volume of 42,862 shares, compared to its average volume of 32,333. The firm has a market cap of $216.81 million, a PE ratio of 13.62 and a beta of 0.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average of $33.85 and a two-hundred day moving average of $31.40. First United has a twelve month low of $19.17 and a twelve month high of $36.49.

First United Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 17th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.63%. First United’s payout ratio is currently 35.77%.

Analyst Ratings Changes

Separately, StockNews.com cut First United from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

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.