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

First US Bancshares, Inc. (NASDAQ:FUSB - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,900 shares, a drop of 41.8% from the September 30th total of 6,700 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On First US Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of FUSB. Diversified LLC bought a new stake in First US Bancshares during the 2nd quarter valued at approximately $106,000. Cahaba Wealth Management Inc. bought a new position in shares of First US Bancshares in the 2nd quarter worth about $118,000. Finally, Gendell Jeffrey L lifted its position in 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 during the period. Hedge funds and other institutional investors own 18.74% of the company's stock.

First US Bancshares Trading Down 0.1 %

First US Bancshares stock traded down $0.01 during trading hours on Friday, reaching $11.69. The company had a trading volume of 9,243 shares, compared to its average volume of 4,555. The firm has a market cap of $67.67 million, a price-to-earnings ratio of 8.72 and a beta of 0.92. First US Bancshares has a 12-month low of $8.27 and a 12-month high of $12.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50-day moving average price of $11.18 and a 200 day moving average price of $10.43.

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

First US Bancshares Announces Dividend

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

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.