Old National Bancorp Has Decreased By $459,620 Its 3M Co (MMM) Position; First United Has 11 Sentiment

First United Corporation (NASDAQ:FUNC) Logo

First United Corp (FUNC) investors sentiment increased to 11 in 2018 Q2. It’s up 10.00, from 1 in 2018Q1. The ratio is positive, as 33 active investment managers opened new and increased stock positions, while 3 sold and decreased their stock positions in First United Corp. The active investment managers in our database now possess: 4.43 million shares, up from 1.74 million shares in 2018Q1. Also, the number of active investment managers holding First United Corp in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 13 New Position: 20.

Old National Bancorp decreased 3M Co (MMM) stake by 8.88% reported in 2018Q2 SEC filing. Old National Bancorp sold 2,345 shares as 3M Co (MMM)’s stock rose 0.89%. The Old National Bancorp holds 24,063 shares with $4.73 million value, down from 26,408 last quarter. 3M Co now has $117.74 billion valuation. The stock decreased 3.14% or $6.56 during the last trading session, reaching $202.2. About 2.70M shares traded or 4.95% up from the average. 3M Company (NYSE:MMM) has declined 1.40% since December 6, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 24/04/2018 – CORNING – FOR 2018, OPTICAL COMMUNICATIONS SALES EXPECTED TO INCREASE BY ABOUT 10%, EXCLUDING CONTRIBUTION FROM PENDING ACQUISITION OF A 3M DIVISION; 18/04/2018 – S. Korea 3M Koribor Yield at 1.65% by End-2Q18 (Survey); 24/04/2018 – 3M CO – UPDATED ITS 2018 ORGANIC LOCAL-CURRENCY SALES GROWTH GUIDANCE TO BE IN THE RANGE OF 3 TO 4 PERCENT, VERSUS A PRIOR RANGE OF 3 TO 5 PERCENT; 09/05/2018 – 3M – MOJDEH POUL IS APPOINTED EXECUTIVE VICE PRESIDENT, SAFETY AND GRAPHICS BUSINESS GROUP, EFFECTIVE JULY 1; 26/04/2018 – RadioResource: Harris XL Radios Integrated with 3M Scott SCBA Equipment; 24/04/2018 – 3M CO – QTRLY INDUSTRIAL SALES OF $3.1 BILLION, UP 7.1 PERCENT IN U.S. DOLLARS; 24/05/2018 – Malaysia 3M Interbank Yield at 3.70% by End-2Q18 (Survey); 05/03/2018 – 3M: Roman Succeeds Thulin as CEO Effective July 1; 30/05/2018 – 3M INDIA 4Q NET INCOME 930.5M RUPEES VERSUS 903.9M RUPEES; 15/05/2018 – 3M Co Presenting at Electrical Products Group Conference May 21

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 $125.82 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 17.87 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 3.00% or $0.55 during the last trading session, reaching $17.76. About 8,568 shares traded. First United Corporation (FUNC) has risen 22.19% since December 6, 2017 and is uptrending. It has outperformed by 6.57% the S&P500. Some Historical FUNC News: 15/05/2018 – Second Curve Capital LLC Exits Position in First United; 08/03/2018 First United Corporation Announces Second Quarter Dividend; 20/03/2018 – DOT STB: Case Title: HARTWELL FIRST UNITED METHODIST CHURCH–ADVERSE ABANDONMENT AND DISCONTINUANCE–THE GREAT WALTON; 11/05/2018 – Ejf Capital Buys New 2.5% Position in First United; 24/05/2018 – Global Strategy and Technology Consultancy, Levvel, Announces First United Kingdom Office; 22/04/2018 – DJ First United Corporation, Inst Holders, 1Q 2018 (FUNC)

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.

More notable recent First United Corporation (NASDAQ:FUNC) news were published by: Seekingalpha.com which released: “Big Opportunity In Small Caps – Seeking Alpha” on June 11, 2018, also Seekingalpha.com with their article: “Value + Catalysts = 50% Upside – Seeking Alpha” published on May 10, 2018, Stockhouse.com published: “First United Corporation Announces Third Quarter 2018 Earnings – Stockhouse” on November 07, 2018. More interesting news about First United Corporation (NASDAQ:FUNC) were released by: Seekingalpha.com and their article: “SA Interview: Chris DeMuth Jr. On First United And ETF Reconstitutions – Seeking Alpha” published on June 20, 2018 as well as Seekingalpha.com‘s news article titled: “First United up 14% as SA contributor spots catalyst – Seeking Alpha” with publication date: May 10, 2018.

Since January 1, 0001, it had 2 buys, and 4 insider sales for $106,952 activity.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M CEO sets five-year financial targets – Seeking Alpha” on November 15, 2018, also Seekingalpha.com with their article: “3M: Optimistic, But A Few Caveats – Seeking Alpha” published on November 11, 2018, Seekingalpha.com published: “As Expected, Evolution, Not Revolution, From 3M – Seeking Alpha” on November 20, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company (MMM) CEO Michael Roman Presents at Credit Suisse 6th Annual Industrials Conference (Transcript) – Seeking Alpha” published on November 28, 2018 as well as Bizjournals.com‘s news article titled: “3M’s new products must meet sustainability goals, company says – Minneapolis / St. Paul Business Journal” with publication date: December 05, 2018.

Since September 10, 2018, it had 1 insider purchase, and 1 sale for $90,252 activity. On Friday, October 26 the insider PAGE GREGORY R bought $184,500. 1,272 shares valued at $274,752 were sold by Hammes Eric D. on Monday, September 10.

Among 7 analysts covering 3M (NYSE:MMM), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. 3M had 13 analyst reports since July 12, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse on Wednesday, October 24 with “Outperform”. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, October 24 report. On Thursday, July 12 the stock rating was maintained by Deutsche Bank with “Hold”. As per Monday, November 19, the company rating was maintained by Barclays Capital. Barclays Capital maintained it with “Underweight” rating and $201 target in Wednesday, July 25 report. UBS maintained 3M Company (NYSE:MMM) on Thursday, August 30 with “Neutral” rating. The stock has “Buy” rating by Argus Research on Wednesday, October 24. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Deutsche Bank on Friday, September 28. UBS maintained 3M Company (NYSE:MMM) on Wednesday, October 24 with “Neutral” rating. Deutsche Bank maintained 3M Company (NYSE:MMM) rating on Friday, November 16. Deutsche Bank has “Hold” rating and $210 target.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It improved, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Pacific Global Investment reported 24,220 shares. Bb&T accumulated 99,181 shares or 0.37% of the stock. Edgewood Mgmt Limited Com invested in 676,355 shares or 0.48% of the stock. Orrstown Financial Svcs Inc owns 1.17% invested in 3M Company (NYSE:MMM) for 4,782 shares. Laurel Grove Cap Limited has 1,800 shares. Cutler Investment Counsel Limited Liability Corporation reported 1,500 shares stake. Ironwood Fincl Ltd Limited Liability Company holds 53 shares or 0.01% of its portfolio. Bridges Invest Management Inc holds 0.36% or 41,150 shares. Pennsylvania-based Drexel Morgan Comm has invested 1.76% in 3M Company (NYSE:MMM). Inv Svcs Of America Inc has 1,150 shares. 351,761 are owned by Parsons Capital Mngmt Ri. 267,039 are held by Dekabank Deutsche Girozentrale. Amer Svcs invested in 0.07% or 1,100 shares. Canandaigua Bankshares reported 0.9% in 3M Company (NYSE:MMM). Harding Loevner LP invested 0.64% in 3M Company (NYSE:MMM).

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 24. They expect $2.28 EPS, up 8.57% or $0.18 from last year’s $2.1 per share. MMM’s profit will be $1.33 billion for 22.17 P/E if the $2.28 EPS becomes a reality. After $2.58 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -11.63% negative EPS growth.

3M Company (NYSE:MMM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.