November 17, 2016 - By Louis Casey · 0 Comments
First United Corp (NASDAQ:FUNC) institutional sentiment decreased to 0.75 in Q2 2016. Its down -0.75, from 1.5 in 2016Q1. The ratio worsened, as 6 investment professionals started new or increased holdings, while 8 reduced and sold stakes in First United Corp. The investment professionals in our partner’s database now own: 1.28 million shares, up from 1.23 million shares in 2016Q1. Also, the number of investment professionals holding First United Corp in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 2 Reduced: 6 Increased: 5 New Position: 1.
First United Corporation is a bank holding company. The company has a market cap of $79.64 million. The Company’s primary business is serving as the parent firm of First United Bank & Trust , First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It has a 7.86 P/E ratio. It operates through community banking segment.
About 6,827 shares traded hands or 110.71% up from the average. First United Corp (NASDAQ:FUNC) has risen 11.26% since April 15, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.
According to Zacks Investment Research, “First United Corporation is a one-bank holding company with two non-bank subsidiaries.”
First United Bank Trust holds 1.77% of its portfolio in First United Corp for 208,136 shares. Second Curve Capital Llc owns 129,614 shares or 0.99% of their US portfolio. Moreover, Gendell Jeffrey L has 0.62% invested in the company for 307,638 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Bank Of Montreal Can, a Ontario – Canada-based fund reported 200 shares.#img1#
First United Corporation, incorporated on October 18, 1984, is a bank holding company. The Company’s primary business is serving as the parent firm of First United Bank & Trust (the Bank), First United Statutory Trust I (Trust I), First United Statutory Trust II (Trust II) and First United Statutory Trust III (Trust III and together with Trust I and Trust II, the Trusts). It operates through community banking segment. The Bank’s subsidiaries include OakFirst Loan Center, Inc., OakFirst Loan Center, LLC and First OREO Trust. The Bank also owns approximately 99.9% of the limited partnership interests in Liberty Mews Limited Partnership. It has total assets of approximately $1.3 billion, net loans of approximately $867.1 million, and deposits of approximately $998.8 million.
More notable recent First United Corp (NASDAQ:FUNC) news were published by: Prnewswire.com which released: “First United Corporation Announces Rights Offering” on November 07, 2016, also Reuters.com with their article: “BRIEF-First United Corporation announces rights offering” published on November 07, 2016, Reuters.com published: “BRIEF-First United Corp Q3 EPS $0.29” on November 07, 2016. More interesting news about First United Corp (NASDAQ:FUNC) were released by: Equitiesfocus.com and their article: “First United Corporation (NASDAQ:FUNC) Quarterly EPS From Continuing …” published on November 15, 2016 as well as Equitiesfocus.com‘s news article titled: “First United Corporation (NASDAQ:FUNC) Reports Basic Consolidated EPS At $1.7404” with publication date: November 07, 2016.
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By Louis Casey