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

First US Bancshares, Inc. (NASDAQ:FUSB) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,300 shares, a decline of 8.3% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

First US Bancshares Stock Down 2.1 %

Shares of NASDAQ:FUSB opened at $13.51 on Tuesday. First US Bancshares has a fifty-two week low of $8.66 and a fifty-two week high of $14.30. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $12.32 and its 200-day simple moving average is $11.07. The company has a market cap of $77.22 million, a price-to-earnings ratio of 9.65 and a beta of 0.92.

First US Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from First US Bancshares’s previous quarterly dividend of $0.05. First US Bancshares’s payout ratio is currently 20.00%.

Institutional Trading of First US Bancshares

Several hedge funds have recently modified their holdings of FUSB. Geode Capital Management LLC raised its position in First US Bancshares by 13.6% in 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 in the last quarter. Cahaba Wealth Management Inc. purchased a new stake in shares of First US Bancshares during the 2nd quarter worth $118,000. Diversified LLC acquired a new position in shares of First US Bancshares during the 2nd quarter worth $106,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of First US Bancshares in the 3rd quarter valued at about $125,000. 18.74% of the stock is owned by institutional investors and hedge funds.

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.