First United Corp (NASDAQ:FUNC) Institutional Investor Positioning Change

June 20, 2017 - By Vivian Currie

 First United Corp (NASDAQ:FUNC) Institutional Investor Positioning Change

Sentiment for First United Corp (NASDAQ:FUNC)

First United Corp (NASDAQ:FUNC) institutional sentiment increased to 2.8 in 2016 Q4. Its up 1.80, from 1 in 2016Q3. The ratio has increased, as 14 funds opened new and increased positions, while 5 sold and decreased their positions in First United Corp. The funds in our partner’s database now own: 1.33 million shares, up from 1.29 million shares in 2016Q3. Also, the number of funds holding First United Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 3 Reduced: 2 Increased: 10 New Position: 4.

First United Corporation is a bank holding company. The company has market cap of $105.09 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 17.27 P/E ratio. It operates through community banking segment.

It closed at $15 lastly. It is down 29.63% since June 20, 2016 and is uptrending. It has outperformed by 12.93% the S&P500.

First United Bank Trust holds 2.26% of its portfolio in First United Corp for 187,672 shares. Second Curve Capital Llc owns 133,614 shares or 0.81% of their US portfolio. Moreover, Gendell Jeffrey L has 0.65% invested in the company for 350,693 shares. The Florida-based Zpr Investment Management has invested 0.46% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 29,200 shares.#img1#

Since January 1, 0001, it had 16 buys, and 3 insider sales for $506,290 activity.

More important recent First United Corp (NASDAQ:FUNC) news were published by: Prnewswire.com which released: “First United Corporation Announces Successful Completion Of Rights Offering” on March 20, 2017, also Reuters.com published article titled: “BRIEF-First United Corporation announces rights offering”, Seekingalpha.com published: “First United Corporation: After Repositioning Its Capital Structure, This …” on May 23, 2017. More interesting news about First United Corp (NASDAQ:FUNC) was released by: Prnewswire.com and their article: “First United Corporation Announces Rights Offering” with publication date: November 07, 2016.

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