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

First US Bancshares, Inc. (NASDAQ:FUSB) saw 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. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On First US Bancshares

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew 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 acquiring an additional 6,325 shares during the period. Cahaba Wealth Management Inc. bought a new stake in First US Bancshares during the second quarter worth approximately $118,000. Diversified LLC acquired a new position in First US Bancshares in the second quarter worth approximately $106,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of First US Bancshares during the 3rd quarter worth $125,000. Institutional investors own 18.74% of the company’s stock.

First US Bancshares Stock Down 0.1 %

Shares of NASDAQ:FUSB opened at $13.67 on Wednesday. First US Bancshares has a 1-year low of $8.66 and a 1-year high of $14.30. The company’s fifty day moving average is $12.32 and its two-hundred day moving average is $11.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $78.14 million, a price-to-earnings ratio of 9.76 and a beta of 0.92.

First US Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.05%. This is a positive change from First US Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, December 13th. First US Bancshares’s payout ratio is presently 20.00%.

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.