First Us Bancsh (NASDAQ:FUSB) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

First Us Bancsh (NASDAQ:FUSB) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $16.48 and traded as high as $16.55. First Us Bancsh shares last traded at $16.49, with a volume of 2,976 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded First Us Bancsh from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

First Us Bancsh Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $16.48 and its 200-day moving average price is $15.99. The stock has a market cap of $90.69 million, a P/E ratio of 12.12 and a beta of 0.22.

First Us Bancsh (NASDAQ:FUSB) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.36 EPS for the quarter. The company had revenue of $10.82 million during the quarter. First Us Bancsh had a net margin of 12.15% and a return on equity of 7.43%.

First Us Bancsh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were given a $0.07 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. First Us Bancsh’s payout ratio is presently 20.59%.

Insider Activity at First Us Bancsh

In other news, Director Robert C. Field bought 3,300 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of $16.39 per share, for a total transaction of $54,087.00. Following the completion of the acquisition, the director owned 11,300 shares in the company, valued at approximately $185,207. This trade represents a 41.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 6,426 shares of company stock worth $105,519 over the last ninety days. Corporate insiders own 12.12% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Us Bancsh stock. EverSource Wealth Advisors LLC grew its holdings in First Us Bancsh (NASDAQ:FUSB) by 100.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,932 shares of the financial services provider’s stock after buying an additional 4,966 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.18% of First Us Bancsh worth $152,000 at the end of the most recent quarter. 18.74% of the stock is owned by institutional investors and hedge funds.

About First Us Bancsh

First US Bancshares, Inc (NASDAQ: FUSB) is a bank holding company headquartered in Birmingham, Alabama. Through its principal subsidiary, First US Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

First US Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, business loans, consumer loans and lines of credit.