First US Bancshares, Inc. (NASDAQ:FUSB) Short Interest Update

First US Bancshares, Inc. (NASDAQ:FUSB - Get Free Report) was the recipient of a large drop in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 0.6 days.

First US Bancshares Trading Down 2.1 %

FUSB traded down $0.29 during mid-day trading on Monday, reaching $13.51. The stock had a trading volume of 2,343 shares, compared to its average volume of 4,866. The firm's fifty day simple moving average is $12.28 and its two-hundred day simple moving average is $11.05. The stock has a market capitalization of $77.28 million, a P/E ratio of 9.86 and a beta of 0.92. First US Bancshares has a 52 week low of $8.66 and a 52 week high of $14.30. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.07 per share. This is a boost from First US Bancshares's previous quarterly dividend of $0.05. The ex-dividend date is Friday, December 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. First US Bancshares's payout ratio is currently 14.29%.

Institutional Investors Weigh In On First US Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in First US Bancshares by 13.6% during the third quarter. Geode Capital Management LLC now owns 52,713 shares of the financial services provider's stock worth $611,000 after buying an additional 6,325 shares during the last quarter. Cahaba Wealth Management Inc. acquired a new position in First US Bancshares during the second quarter valued at approximately $118,000. Diversified LLC acquired a new position in First US Bancshares during the second quarter valued at approximately $106,000. Finally, Sanctuary Advisors LLC bought a new stake in First US Bancshares in the third quarter valued at approximately $125,000. 18.74% of the stock is owned by institutional investors.

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.