Is First United Corporation (FUNC) a Buy? The Stock Reaches 52-Week High Today

June 14, 2018 - By Kurt Siggers

First United Corporation (NASDAQ:FUNC) Logo

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.63, from 1.63 in 2017Q4. It fall, as 5 investors sold First United Corporation shares while 7 reduced holdings. 3 funds opened positions while 9 raised stakes. 1.74 million shares or 9.49% more from 1.59 million shares in 2017Q4 were reported.
Deutsche State Bank Ag owns 0% invested in First United Corporation (NASDAQ:FUNC) for 14,230 shares. Gendell Jeffrey L holds 446,368 shares. Envestnet Asset Management, a Illinois-based fund reported 151 shares. The Virginia-based Ejf Cap Ltd Co has invested 0.27% in First United Corporation (NASDAQ:FUNC). Renaissance Llc holds 21,300 shares or 0% of its portfolio. Vanguard Group reported 232,492 shares or 0% of all its holdings. Pnc Fincl Ser Gp holds 5,343 shares. California Employees Retirement System invested in 35,586 shares or 0% of the stock. 33,873 are owned by Janney Montgomery Scott Lc. Northern Trust reported 72,469 shares or 0% of all its holdings. Basswood Mgmt Lc holds 213,354 shares. Glenmede Tru Na holds 500 shares or 0% of its portfolio. Dimensional Fund Advsr Lp accumulated 276,511 shares. Blackrock Inc reported 0% stake. Geode Cap Mgmt Lc owns 0% invested in First United Corporation (NASDAQ:FUNC) for 19,822 shares.

Since March 22, 2018, it had 1 buy, and 1 insider sale for $2,730 activity. Another trade for 5 shares valued at $95 was made by Sturm Tonya K. on Thursday, March 22.

The stock of First United Corporation (NASDAQ:FUNC) hit a new 52-week high and has $24.96 target or 4.00 % above today’s $24.00 share price. The 7 months bullish chart indicates low risk for the $169.62M company. The 1-year high was reported on Jun, 14 by If the $24.96 price target is reached, the company will be worth $6.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.41% or $0.1 during the last trading session, reaching $24. About 39,784 shares traded or 93.00% up from the average. First United Corporation (NASDAQ:FUNC) has risen 38.44% since June 14, 2017 and is uptrending. It has outperformed by 25.87% the S&P500.

More news for First United Corporation (NASDAQ:FUNC) were recently published by:, which released: “Big Opportunity In Small Caps” on June 11, 2018.‘s article titled: “First United up 6% after Russell 2000 inclusion” and published on June 11, 2018 is yet another important article.

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 $169.62 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 33.1 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.

First United Corporation (NASDAQ:FUNC) Institutional Positions Chart

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