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

Posted by Wayne Rhoads on Apr 22nd, 2025

First United (NASDAQ:FUNC – Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09, Zacks reports. The firm had revenue of $20.84 million for the quarter, compared to the consensus estimate of $20.63 million. First United had a return on equity of 12.51% and a net margin of 18.45%.

First United Stock Performance

Shares of FUNC opened at $28.50 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70. First United has a 12 month low of $19.17 and a 12 month high of $42.50. The firm has a fifty day simple moving average of $31.79 and a 200 day simple moving average of $32.99. The stock has a market capitalization of $184.48 million, a price-to-earnings ratio of 9.05 and a beta of 0.58.

First United Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.09%. The ex-dividend date is Thursday, April 17th. First United’s payout ratio is 27.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com cut First United from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Raymond James upgraded shares of First United from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Friday, February 7th.

Read Our Latest Research Report on FUNC

About First United

(Get Free Report)

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.