Sterne Agee Downgrades 1st United Bancorp: Neutral

by Hilary Farrell, Benzinga Staff Writer
July 29, 2011 4:20 PM | 18 seconds read |
Sterne Agee downgraded its 1st United Bancorp FUBC rating to Neutral in a research report published today. In the report, Sterne Agee states, "We are downgrading FUBC to NEUTRAL given our reduced EPS outlook, which suggests the shares are fairly valued." Shares of 1st United Bancorp closed today at $5.93, up 1.19% from Thursday's market close.
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