Short Interest in First US Bancshares, Inc. (NASDAQ:FUSB) Increases By 5.9%

First US Bancshares, Inc. (NASDAQ:FUSB) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,600 shares, a growth of 5.9% from the October 31st total of 3,400 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in First US Bancshares by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 52,713 shares of the financial services provider’s stock valued at $611,000 after purchasing an additional 6,325 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First US Bancshares in the 3rd quarter worth $125,000. Diversified LLC purchased a new stake in shares of First US Bancshares in the second quarter valued at about $106,000. Finally, Cahaba Wealth Management Inc. bought a new position in shares of First US Bancshares during the second quarter valued at about $118,000. 18.74% of the stock is owned by institutional investors.

First US Bancshares Price Performance

FUSB stock opened at $14.06 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average is $11.93 and its 200-day moving average is $10.83. The stock has a market capitalization of $80.43 million, a PE ratio of 10.04 and a beta of 0.92. First US Bancshares has a 1 year low of $8.66 and a 1 year high of $14.26.

First US Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.07 dividend. This is a boost from First US Bancshares’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, December 13th. First US Bancshares’s dividend payout ratio (DPR) is currently 14.29%.

First US Bancshares Company Profile

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.