First US Bancshares (NASDAQ:FUSB) Share Price Passes Above 200-Day Moving Average - Here's What Happened

First US Bancshares, Inc. (NASDAQ:FUSB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.22 and traded as high as $13.21. First US Bancshares shares last traded at $13.21, with a volume of 316 shares traded.

First US Bancshares Stock Performance

The business has a 50 day moving average of $12.64 and a 200-day moving average of $11.24. The company has a market capitalization of $75.62 million, a P/E ratio of 9.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91.

First US Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.12%. 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. First US Bancshares's dividend payout ratio (DPR) is presently 20.00%.

Institutional Investors Weigh In On First US Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in FUSB. Sanctuary Advisors LLC purchased a new stake in shares of First US Bancshares in the 3rd quarter valued at about $125,000. Cahaba Wealth Management Inc. bought a new position in shares of First US Bancshares in the 2nd quarter worth $118,000. Finally, Geode Capital Management LLC raised its position in shares of 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 buying an additional 6,325 shares in the last quarter. Hedge funds and other institutional investors own 18.74% of the company's stock.

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.