First US Bancshares, Inc. (NASDAQ:FUSB) Sees Significant Decrease in Short Interest

First US Bancshares, Inc. (NASDAQ:FUSB) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 3,900 shares, a decrease of 41.8% from the September 30th total of 6,700 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are short sold.

First US Bancshares Trading Down 0.1 %

Shares of FUSB traded down $0.01 during mid-day trading on Friday, hitting $11.69. The company had a trading volume of 9,243 shares, compared to its average volume of 4,555. First US Bancshares has a 1-year low of $8.27 and a 1-year high of $12.17. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $11.18 and its 200-day simple moving average is $10.42. The stock has a market cap of $67.67 million, a PE ratio of 8.72 and a beta of 0.92.

First US Bancshares (NASDAQ:FUSB) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $10.01 million during the quarter. First US Bancshares had a net margin of 14.34% and a return on equity of 9.47%.

First US Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, September 13th. This represents a $0.20 annualized dividend and a yield of 1.71%. First US Bancshares’s dividend payout ratio is presently 14.93%.

Hedge Funds Weigh In On First US Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. Diversified LLC purchased a new position in First US Bancshares in the second quarter valued at approximately $106,000. Cahaba Wealth Management Inc. purchased a new position in shares of First US Bancshares in the 2nd quarter valued at $118,000. Finally, Gendell Jeffrey L lifted its holdings in shares of First US Bancshares by 14.0% during the 1st quarter. Gendell Jeffrey L now owns 332,957 shares of the financial services provider’s stock valued at $3,083,000 after acquiring an additional 40,976 shares in the last quarter. 18.74% of the stock is owned by institutional investors and hedge funds.

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 offers non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.