Short Interest in First US Bancshares, Inc. (NASDAQ:FUSB) Drops By 52.7%

First US Bancshares, Inc. (NASDAQ:FUSB) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, a decline of 52.7% from the May 15th total of 7,400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First US Bancshares stock. Dimensional Fund Advisors LP boosted its holdings in First US Bancshares, Inc. (NASDAQ:FUSB) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,761 shares of the financial services provider’s stock after acquiring an additional 3,176 shares during the quarter. Dimensional Fund Advisors LP owned 0.56% of First US Bancshares worth $398,000 at the end of the most recent quarter. 18.74% of the stock is currently owned by hedge funds and other institutional investors.

First US Bancshares Stock Up 1.2%

Shares of FUSB stock traded up $0.16 on Friday, hitting $12.76. The company’s stock had a trading volume of 786 shares, compared to its average volume of 5,018. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. First US Bancshares has a fifty-two week low of $8.75 and a fifty-two week high of $14.30. The firm’s fifty day moving average price is $12.73 and its 200-day moving average price is $13.02. The stock has a market capitalization of $73.37 million, a price-to-earnings ratio of 9.59 and a beta of 0.49.

First US Bancshares (NASDAQ:FUSB) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $9.77 million during the quarter. First US Bancshares had a net margin of 13.21% and a return on equity of 8.61%.

First US Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, June 13th. First US Bancshares’s dividend payout ratio is currently 21.88%.

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.