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

First US Bancshares, Inc. (NASDAQ:FUSB) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,300 shares, a drop of 8.3% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

First US Bancshares Price Performance

Shares of FUSB opened at $13.51 on Tuesday. The firm has a fifty day moving average price of $12.32 and a 200 day moving average price of $11.07. The stock has a market cap of $77.22 million, a PE ratio of 9.65 and a beta of 0.92. First US Bancshares has a 1-year low of $8.66 and a 1-year high of $14.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91.

First US Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 2.07%. This is a boost from First US Bancshares’s previous quarterly dividend of $0.05. First US Bancshares’s payout ratio is currently 20.00%.

Hedge Funds Weigh In On First US Bancshares

A number of hedge funds have recently modified their holdings of the business. Diversified LLC purchased a new position in First US Bancshares during the 2nd quarter worth $106,000. Cahaba Wealth Management Inc. purchased a new position in shares of First US Bancshares during the second quarter worth about $118,000. Sanctuary Advisors LLC acquired a new position in First US Bancshares in the 3rd quarter valued at about $125,000. Finally, Geode Capital Management LLC raised its stake in First US Bancshares by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 52,713 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 6,325 shares during the last quarter. 18.74% of the stock is currently owned by hedge funds and other institutional investors.

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.