The New Gendell Jeffrey L Et Al Holding in First United Corp
Gendell Jeffrey L Et Al filed with the SEC SC 13G form for First United Corp. The form can be accessed here: 000090266416008910. As reported in Gendell Jeffrey L Et Al’s form, the filler as of late owns 5.2% or 326,024 shares of the Finance–company.
First United Corp stake is a new one for the and it was filed because of activity on November 15, 2016. We feel this shows Gendell Jeffrey L Et Al’s positive view for the stock.
First United Corp Institutional Sentiment
Latest Security and Exchange filings show 23 investors own First United Corp. The institutional ownership in Q3 2015 is low, at 87.39% of the outstanding shares. This is increased by 4255329 the total institutional shares. 5479273 were the shares owned by these institutional investors. In total 1 funds opened new First United Corp stakes, 5 increased stakes. There were 1 that closed positions and 7 reduced them.
City Holding Company is an institutional investor bullish on First United Corp, owning 500 shares as of Q3 2015 for less than 0.01% of its portfolio. Earnest Partners Llc owns 442 shares or less than 0.01% of its portfolio. MD First United Bank Trust have 1.88% of their stock portfolio for 235607 shares. Further, Second Curve Capital Llc reported stake worth 1.04% of its US stock portfolio. The PA Schneider Capital Management Corp owns 30119 shares. First United Corp is 0.05% of the manager’s US portfolio.
First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank), First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It operates through community banking segment. The Bank is an independent community bank providing a range of retail and commercial banking services to businesses and individuals in its market areas. The Bank offers a range of services, such as checking, savings, money market deposit accounts, and certificates of deposit, business loans, personal loans, mortgage loans, lines of credit, and consumer-oriented retirement accounts including individual retirement accounts (IRAs) and employee benefit accounts. In addition, the Bank provides full brokerage services. The Bank also provides safe deposit and night depository facilities, insurance products and trust services.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.25, from 0.75 in 2016Q1. The ratio increased, as 2 funds sold all First United Corp shares owned while 6 reduced positions. 1 funds bought stakes while 5 increased positions. They now own 1.28 million shares or 4.18% more from 1.23 million shares in 2016Q1.
Second Curve Limited Liability Corp holds 0.99% or 129,614 shares in its portfolio. Tower Capital Llc (Trc) accumulated 0% or 556 shares. Bridgeway Cap Management, a Texas-based fund reported 29,200 shares. Gendell Jeffrey L holds 307,638 shares or 0.62% of its portfolio. Acadian Asset Management Llc accumulated 0% or 1,138 shares. Vanguard Gru last reported 0% of its portfolio in the stock. Geode Capital Lc holds 18,113 shares or 0% of its portfolio. Federated Investors Pa, a Pennsylvania-based fund reported 564 shares. Lsv Asset Mngmt has 15,997 shares for 0% of their US portfolio. Earnest Partners Ltd holds 442 shares or 0% of its portfolio. First National Bank & Trust Trust last reported 1.77% of its portfolio in the stock. Blackrock Fund last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Co Na has 9,954 shares for 0% of their US portfolio. Deutsche National Bank Ag holds 0% of its portfolio in First United Corp (NASDAQ:FUNC) for 5,100 shares. National Bank Of Ny Mellon holds 0% or 10,144 shares in its portfolio.
Analysts await First United Corp (NASDAQ:FUNC) to report earnings on March, 8.
The stock decreased 2.99% or $0.4 on November 25, hitting $13. About 2,774 shares traded hands. First United Corp (NASDAQ:FUNC) has risen 21.06% since April 22, 2016 and is uptrending. It has outperformed by 15.65% the S&P500.
First United Corporation is a bank holding company. The company has a market cap of $81.20 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 8.14 P/E ratio. It operates through community banking segment.
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 23, 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 09, 2016.
According to Zacks Investment Research, “First United Corporation is a one-bank holding company with two non-bank subsidiaries.”
FUNC Company Profile
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.
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