First United Corp (NASDAQ:FUNC) Sentiment Up in Q2 2018

September 16, 2018 - By Vernon Rice

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Sentiment for First United Corp (NASDAQ:FUNC)

First United Corp (NASDAQ:FUNC) institutional sentiment increased to 11 in 2018 Q2. Its up 10.00, from 1 in 2018Q1. The ratio has improved, as 33 active investment managers increased or started new equity positions, while 3 sold and trimmed stock positions in First United Corp. The active investment managers in our partner’s database now own: 4.43 million shares, up from 1.74 million shares in 2018Q1. Also, the number of active investment managers holding First United Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 13 New Position: 20.

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 $132.80 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 21.9 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 0.27% or $0.05 during the last trading session, reaching $18.75. About 11,132 shares traded. First United Corporation (NASDAQ:FUNC) has risen 22.19% since September 16, 2017 and is uptrending. It has outperformed by 6.57% the S&P500.

Gendell Jeffrey L holds 0.93% of its portfolio in First United Corporation for 446,368 shares. Ejf Capital Llc owns 177,178 shares or 0.35% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 53,393 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. American International Group Inc, a New York-based fund reported 4,454 shares.

Since January 1, 0001, it had 2 insider buys, and 5 insider sales for $107,199 activity.

First United Corporation (NASDAQ:FUNC) Institutional Positions Chart

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