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1st United Bancorp (NASDAQ:FUBC) was downgraded by stock analysts at FIG Partners from an “outperform” rating to a “market perform” rating in a report issued on Thursday, Stock Ratings Network reports. They currently have a $8.50 price target on the stock. FIG Partners’ target price indicates a potential upside of 16.28% from the company’s current price.

1st United Bancorp (NASDAQ:FUBC) traded up 9.44% on Thursday, hitting $8.00. 4,471,922 shares of the company’s stock traded hands. 1st United Bancorp has a 52 week low of $6.26 and a 52 week high of $8.25. The stock has a 50-day moving average of $7.6 and a 200-day moving average of $7.64. The company has a market cap of $275.9 million and a P/E ratio of 31.78.

1st United Bancorp (NASDAQ:FUBC) last announced its earnings results on Friday, April 18th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. On average, analysts predict that 1st United Bancorp will post $0.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 1st.

FUBC has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of 1st United Bancorp from $7.50 to $8.25 in a research note on Tuesday, April 22nd. They now have a “market perform” rating on the stock. Analysts at Macquarie initiated coverage on shares of 1st United Bancorp in a research note on Tuesday, April 8th. They set a “neutral” rating and a $8.50 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $8.30.

1st United Bancorp, Inc (NASDAQ:FUBC) is a financial holding company.

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