First US Bancshares Inc (NASDAQ:FUSB) Sees Significant Decline in Short Interest

First US Bancshares Inc (NASDAQ:FUSB) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,200 shares, a drop of 36.8% from the August 30th total of 1,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is presently 0.3 days.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of First US Bancshares by 9.8% during the 2nd quarter. BlackRock Inc. now owns 26,711 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,381 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of First US Bancshares by 78.7% during the 2nd quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of First US Bancshares by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 140,664 shares of the financial services provider’s stock worth $1,300,000 after purchasing an additional 10,320 shares during the last quarter. 15.86% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on FUSB shares. TheStreet cut shares of First US Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, July 25th. ValuEngine raised shares of First US Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th.

FUSB stock traded up $0.03 during midday trading on Friday, hitting $8.75. The company’s stock had a trading volume of 4,102 shares, compared to its average volume of 2,382. First US Bancshares has a 52-week low of $7.60 and a 52-week high of $10.54. The firm has a market capitalization of $55.21 million, a P/E ratio of 15.09 and a beta of 1.03. The firm has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $9.41.

First US Bancshares (NASDAQ:FUSB) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $10.52 million during the quarter. First US Bancshares had a net margin of 8.21% and a return on equity of 4.91%.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.91%.

First US Bancshares Company Profile

First US Bancshares, Inc operates as the bank holding company for First US Bank that provides commercial banking products and services. The company accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.

Further Reading: Relative Strength Index

Receive News & Ratings for First US Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First US Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.