First US Bancshares, Inc. (NASDAQ:FUSB) Sees Large Increase in Short Interest

First US Bancshares, Inc. (NASDAQ:FUSB) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,600 shares, a growth of 5.9% from the October 31st total of 3,400 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On First US Bancshares

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in First US Bancshares by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 52,713 shares of the financial services provider’s stock valued at $611,000 after purchasing an additional 6,325 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First US Bancshares during the third quarter worth $125,000. Diversified LLC bought a new stake in shares of First US Bancshares during the second quarter worth $106,000. Finally, Cahaba Wealth Management Inc. bought a new stake in shares of First US Bancshares during the second quarter worth $118,000. Institutional investors own 18.74% of the company’s stock.

First US Bancshares Price Performance

Shares of First US Bancshares stock traded up $0.25 during midday trading on Tuesday, hitting $13.72. 4,466 shares of the company were exchanged, compared to its average volume of 4,835. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $78.48 million, a P/E ratio of 9.62 and a beta of 0.92. First US Bancshares has a 52 week low of $8.66 and a 52 week high of $13.72. The firm has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $10.80.

First US Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.07 dividend. This is an increase from First US Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.28 annualized dividend and a yield of 2.04%. First US Bancshares’s payout ratio is presently 14.29%.

About First US Bancshares

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.