First United (FUNC) Releases Earnings Results

First United (NASDAQ:FUNC) issued its earnings results on Wednesday. The bank reported $0.35 EPS for the quarter, Bloomberg Earnings reports. First United had a return on equity of 8.23% and a net margin of 9.28%. The firm had revenue of $14.26 million for the quarter.

Shares of FUNC traded up $1.95 during mid-day trading on Friday, reaching $22.70. The company had a trading volume of 11,968 shares, compared to its average volume of 3,499. First United has a 52-week low of $21.00 and a 52-week high of $22.70. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $132.16 million, a price-to-earnings ratio of 15.58 and a beta of 0.27.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 2nd. Stockholders of record on Monday, April 16th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%.

Separately, ValuEngine upgraded First United from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th.

First United Company Profile

First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities.

Earnings History for First United (NASDAQ:FUNC)

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