First US Bancshares (NASDAQ:FUSB) Stock Price Passes Above 200-Day Moving Average of $9.98

Shares of First US Bancshares, Inc. (NASDAQ:FUSB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.98 and traded as high as $10.61. First US Bancshares shares last traded at $10.61, with a volume of 2,391 shares changing hands.

First US Bancshares Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $60.90 million, a PE ratio of 7.92 and a beta of 0.91. The business’s 50-day moving average is $9.92 and its 200 day moving average is $9.97.

First US Bancshares (NASDAQ:FUSB) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter. The company had revenue of $10.01 million during the quarter. First US Bancshares had a return on equity of 9.47% and a net margin of 14.34%.

Insider Transactions at First US Bancshares

In other First US Bancshares news, EVP Eric H. Mabowitz sold 4,242 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $8.90, for a total value of $37,753.80. Following the completion of the sale, the executive vice president now owns 11,952 shares in the company, valued at approximately $106,372.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Eric H. Mabowitz sold 5,131 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $9.85, for a total value of $50,540.35. Following the completion of the transaction, the executive vice president now directly owns 10,242 shares of the company’s stock, valued at $100,883.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eric H. Mabowitz sold 4,242 shares of First US Bancshares stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $8.90, for a total value of $37,753.80. Following the sale, the executive vice president now directly owns 11,952 shares in the company, valued at $106,372.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,723 shares of company stock worth $132,859. Insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Cahaba Wealth Management Inc. bought a new position in shares of First US Bancshares in the 2nd quarter worth about $118,000. Diversified LLC bought a new position in shares of First US Bancshares during the second quarter valued at approximately $106,000. Finally, Gendell Jeffrey L lifted its holdings in shares of First US Bancshares by 14.0% during the first quarter. Gendell Jeffrey L now owns 332,957 shares of the financial services provider’s stock valued at $3,083,000 after purchasing an additional 40,976 shares during the last quarter. Institutional investors own 18.74% 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 offers non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.