First Us Bancsh (NASDAQ:FUSB – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $16.48 and traded as high as $16.55. First Us Bancsh shares last traded at $16.49, with a volume of 2,976 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of First Us Bancsh from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, First Us Bancsh presently has an average rating of “Strong Buy”.
Check Out Our Latest Research Report on FUSB
First Us Bancsh Price Performance
The company has a market cap of $90.69 million, a PE ratio of 12.12 and a beta of 0.22. The firm’s 50-day moving average is $16.48 and its 200-day moving average is $15.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11.
First Us Bancsh (NASDAQ:FUSB – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.36 EPS for the quarter. First Us Bancsh had a net margin of 12.15% and a return on equity of 7.43%. The business had revenue of $10.82 million during the quarter.
First Us Bancsh Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. First Us Bancsh’s dividend payout ratio is 20.59%.
Insider Activity
In other news, Director Robert C. Field bought 3,300 shares of the stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $16.39 per share, for a total transaction of $54,087.00. Following the purchase, the director directly owned 11,300 shares in the company, valued at $185,207. This trade represents a 41.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 6,426 shares of company stock valued at $105,519. 12.12% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On First Us Bancsh
An institutional investor recently raised its stake in First Us Bancsh stock. EverSource Wealth Advisors LLC boosted its position in First Us Bancsh (NASDAQ:FUSB – Free Report) by 100.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,932 shares of the financial services provider’s stock after purchasing an additional 4,966 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.18% of First Us Bancsh worth $152,000 at the end of the most recent quarter. 18.74% of the stock is owned by institutional investors and hedge funds.
First Us Bancsh Company Profile
First US Bancshares, Inc (NASDAQ: FUSB) is a bank holding company headquartered in Birmingham, Alabama. Through its principal subsidiary, First US Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.
First US Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, business loans, consumer loans and lines of credit.
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