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

First US Bancshares Inc (NASDAQ:FUSB) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,200 shares, a decline of 36.8% from the August 30th total of 1,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 0.3 days.

FUSB has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of First US Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. TheStreet lowered shares of First US Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th.

Shares of First US Bancshares stock traded up $0.03 on Friday, reaching $8.75. 4,102 shares of the stock were exchanged, compared to its average volume of 2,382. First US Bancshares has a 1-year low of $7.60 and a 1-year high of $10.54. The business has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $9.41. The firm has a market capitalization of $55.21 million, a PE ratio of 15.09 and a beta of 1.03.

First US Bancshares (NASDAQ:FUSB) last issued its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. First US Bancshares had a net margin of 8.21% and a return on equity of 4.91%. The business had revenue of $10.52 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.91%.

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of First US Bancshares by 7.9% during the second quarter. Renaissance Technologies LLC now owns 140,664 shares of the financial services provider’s stock worth $1,300,000 after acquiring an additional 10,320 shares during the period. Acadian Asset Management LLC increased its stake in shares of First US Bancshares by 78.7% during the second quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 2,825 shares during the period. Finally, BlackRock Inc. increased its stake in shares of First US Bancshares by 9.8% during the second quarter. BlackRock Inc. now owns 26,711 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 2,381 shares during the period. Institutional investors and hedge funds own 15.86% of the company’s stock.

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 accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.

Further Reading: Understanding Market Liquidity

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