http://www.americanbankingnews.com/getthestreet upgraded shares of 1St United Bancorp (NASDAQ: FUBC) from a hold rating to a buy rating in a report released on Tuesday.
“1st United Bancorp (FUBC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” the firm’s analyst commented.
A number of other firms have also recently commented on FUBC. Analysts at Raymond James downgraded shares of 1St United Bancorp from an outperform rating to a market perform rating in a research note to investors on Tuesday. Separately, analysts at Zacks upgraded shares of 1St United Bancorp from a neutral rating to an outperform rating in a research note to investors on Monday. They now have a $7.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of 1St United Bancorp in a research note to investors on Friday, February 8th. They set a market perform rating and a $6.50 price target on the stock.
One investment analyst has rated the stock with a buy rating, and five have given a hold rating to the stock. The stock currently has an average rating of hold and a consensus price target of $6.62.
Shares of 1St United Bancorp traded up 1.95% during mid-day trading on Tuesday, hitting $6.28. 1St United Bancorp has a one year low of $5.30 and a one year high of $6.83. The stock’s 50-day moving average is currently $6.32. The company has a market cap of $214.0 million and a P/E ratio of 44.00.
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