First Us Bancsh (NASDAQ:FUSB – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.36 EPS for the quarter, FiscalAI reports. First Us Bancsh had a return on equity of 7.41% and a net margin of 12.10%. The firm had revenue of $10.82 million for the quarter.
First Us Bancsh Price Performance
Shares of FUSB stock traded up $0.07 during trading hours on Thursday, hitting $16.57. 1,495 shares of the company’s stock were exchanged, compared to its average volume of 9,276. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. First Us Bancsh has a 12-month low of $12.15 and a 12-month high of $16.99. The business’s 50 day simple moving average is $16.48 and its 200-day simple moving average is $15.94. The company has a market capitalization of $91.16 million, a PE ratio of 12.56 and a beta of 0.23.
First Us Bancsh Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 1.7%. First Us Bancsh’s payout ratio is 21.21%.
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 investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on First Us Bancsh
Insiders Place Their Bets
In other First Us Bancsh news, Director Robert C. Field purchased 3,300 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $16.39 per share, with a total value of $54,087.00. Following the transaction, the director directly owned 11,300 shares in the company, valued at approximately $185,207. The trade was a 41.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 7,181 shares of company stock worth $117,969. Insiders own 12.12% of the company’s stock.
Institutional Trading of First Us Bancsh
A hedge fund recently raised its position in First Us Bancsh stock. Dimensional Fund Advisors LP boosted its position in shares of First Us Bancsh (NASDAQ:FUSB – Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,060 shares of the financial services provider’s stock after buying an additional 720 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of First Us Bancsh worth $506,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.74% of the company’s stock.
About First Us Bancsh
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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