First United Corp (NASDAQ:FUNC) Institutional Investor Positioning

December 8, 2017 - By Adrian Erickson

 First United Corp (NASDAQ:FUNC) Institutional Investor Positioning

Sentiment for First United Corp (NASDAQ:FUNC)

First United Corp (NASDAQ:FUNC) institutional sentiment decreased to 0.64 in Q2 2017. Its down -4.86, from 5.5 in 2017Q1. The ratio is negative, as 7 institutional investors opened new or increased positions, while 11 sold and decreased stock positions in First United Corp. The institutional investors in our partner’s database now own: 1.69 million shares, down from 3.39 million shares in 2017Q1. Also, the number of institutional investors holding First United Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 8 Increased: 6 New Position: 1.

First United Corporation operates as the holding firm for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company has market cap of $120.10 million. The firm offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts 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 clients packages, which include treasury management, cash sweep, and various checking opportunities. It has a 18.21 P/E ratio. It also provides loans, such as commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings; residential mortgage loans; home equity lines of credit; residential real estate construction loans; indirect and direct auto loans; and other secured and unsecured lines of credit and term loans.

The stock decreased 0.62% or $0.1061 during the last trading session, reaching $16.9939. About 528 shares traded. First United Corporation (NASDAQ:FUNC) has risen 29.63% since December 8, 2016 and is uptrending. It has outperformed by 12.93% the S&P500.

First United Bank Trust holds 2.09% of its portfolio in First United Corporation for 206,658 shares. Second Curve Capital Llc owns 233,882 shares or 1.25% of their US portfolio. Moreover, Gendell Jeffrey L has 0.51% invested in the company for 471,683 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Janney Montgomery Scott Llc, a Pennsylvania-based fund reported 33,873 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $30,103 activity.

More recent First United Corporation (NASDAQ:FUNC) news were published by: Streetinsider.com which released: “Form 4 FIRST UNITED CORP/MD/ For: Nov 21 Filed by: RUDY IRVIN ROBERT” on November 21, 2017. Also Prnewswire.com published the news titled: “First United Corporation Announces 3rd Quarter 2017 Earnings” on November 13, 2017. Prnewswire.com‘s news article titled: “First United Corporation Announces Successful Completion Of Rights Offering” with publication date: March 20, 2017 was also an interesting one.

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