Short Interest in First US Bancshares, Inc. (NASDAQ:FUSB) Drops By 8.3%

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

First US Bancshares Price Performance

Shares of NASDAQ FUSB opened at $13.80 on Monday. 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 firm has a fifty day moving average of $12.28 and a 200 day moving average of $11.05. The firm has a market cap of $78.94 million, a PE ratio of 9.86 and a beta of 0.92. First US Bancshares has a one year low of $8.66 and a one year high of $14.30.

First US Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from First US Bancshares’s previous quarterly dividend of $0.05. First US Bancshares’s payout ratio is currently 14.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cahaba Wealth Management Inc. purchased a new stake in shares of First US Bancshares during the second quarter worth $118,000. Diversified LLC acquired a new position in First US Bancshares during the second quarter worth about $106,000. Sanctuary Advisors LLC purchased a new stake in First US Bancshares during the 3rd quarter valued at about $125,000. Finally, Geode Capital Management LLC raised its holdings in First US Bancshares by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 52,713 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 6,325 shares during the last quarter. 18.74% of the stock is owned by hedge funds and other 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.