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

First United (NASDAQ:FUNC) released its quarterly earnings data on Monday. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09, Yahoo Finance reports. The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $19.34 million. First United had a return on equity of 11.85% and a net margin of 13.84%.

First United Trading Up 0.0 %

NASDAQ:FUNC opened at $26.61 on Thursday. The stock’s 50 day moving average price is $20.99 and its 200 day moving average price is $21.84. The company has a market capitalization of $176.96 million, a PE ratio of 12.38 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. First United has a 52-week low of $15.68 and a 52-week high of $27.70.

First United Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 18th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.01%. First United’s dividend payout ratio is presently 37.21%.

Analyst Ratings Changes

Separately, StockNews.com downgraded First United from a “buy” rating to a “hold” rating in a research note on Monday.

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.