First US Bancshares, Inc. Sees Notable Drop in Short Interest

First US Bancshares, Inc. (NASDAQ:FUSB - Get Free Report) experienced a significant decline in short interest during October. On October 15th, the total short interest was 3,900 shares, marking a decrease of 41.8% from the total of 6,700 shares recorded on September 30th. With an average trading volume of 3,700 shares, the current days-to-cover ratio stands at 1.1 days. This means that only about 0.1% of the company's shares are currently short sold.

First US Bancshares Stock Performance

On Friday, shares of FUSB traded down by $0.01, settling at $11.69. During this trading period, the company saw a total trading volume of 9,243 shares, which is higher than its typical volume of 4,555 shares. Over the past year, First US Bancshares has reached a low of $8.27 and a high of $12.17. Financial metrics reveal a quick ratio of 0.90 and a current ratio of the same value, along with a low debt-to-equity ratio of 0.12. The stock has a market capitalization of $67.67 million and a price-to-earnings (PE) ratio of 8.72 with a beta of 0.92.

Quarterly Earnings Report

First US Bancshares (NASDAQ:FUSB - Get Free Report) announced its quarterly earnings on July 24th. The financial services company reported earnings of $0.34 per share (EPS) for the quarter, generating revenues totaling $10.01 million. It recorded a net margin of 14.34% and a return on equity of 9.47%. These results reflect the company's ongoing financial health and operational performance.

Dividend Announcement

The company also recently declared a quarterly dividend, which was paid out on October 1st. Shareholders who were on record as of September 13th received a dividend of $0.05 per share. The ex-dividend date was also September 13th. This totals to an annualized dividend of $0.20, equating to a yield of 1.71%. Currently, the dividend payout ratio for First US Bancshares is 14.93%.

Institutional Investors and Hedge Funds

Several hedge funds and institutional investors have adjusted their holdings in First US Bancshares recently. In the second quarter, Diversified LLC entered a new position valued at approximately $106,000, and Cahaba Wealth Management Inc. also acquired a new stake worth about $118,000. Additionally, Gendell Jeffrey L increased its stake by 14.0% during the first quarter, now holding 332,957 shares valued at $3,083,000 after adding an extra 40,976 shares in the last quarter. Currently, 18.74% of the company's stock is held by institutional investors and hedge funds.

Company Overview

First US Bancshares, Inc. operates as the holding company for First US Bank, which provides a range of commercial banking services. These include non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.

Concluding Remarks

This information highlights significant changes and performance metrics for First US Bancshares, Inc. as it continues to navigate the financial markets.

finance, stocks, dividends