First US Bancshares, Inc. (NASDAQ:FUSB) Experiences Major Drop in Short Interest

First US Bancshares, Inc. (NASDAQ:FUSB) experienced a notable decline in short interest during October. By October 15th, the total short interest had decreased to 3,900 shares, representing a significant 41.8% drop from the 6,700 shares reported at the end of September. With an average trading volume of 3,700 shares, this decrease results in a short-interest ratio of approximately 1.1 days. In total, about 0.1% of the company’s shares are currently short sold.

First US Bancshares Stock Activity

On Friday, shares of FUSB saw a slight decline of $0.01, trading at $11.69 in mid-day exchanges. The day's trading volume reached 9,243 shares, exceeding the average of 4,555 shares. Over the past year, First US Bancshares has recorded a low of $8.27 and a high of $12.17. Key financial metrics include a quick ratio of 0.90, a current ratio of 0.90, and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average stands at $11.18, while the 200-day average is $10.42. Furthermore, the stock holds a market capitalization of $67.67 million, a PE ratio of 8.72, and a beta value of 0.92.

First US Bancshares Recent Earnings

First US Bancshares last disclosed its quarterly earnings on July 24th. The financial services corporation reported earnings per share (EPS) of $0.34 for the quarter, alongside revenues amounting to $10.01 million. The company's net margin stands at 14.34%, and it has recorded a return on equity of 9.47%.

Dividend Information

The company has also announced a quarterly dividend, which was distributed on October 1st. Shareholders recorded as of September 13th received a dividend of $0.05 per share. This equates to an annualized dividend of $0.20, yielding 1.71%. Currently, First US Bancshares maintains a dividend payout ratio of approximately 14.93%.

Investor Activity and Institutional Holdings

In recent months, several hedge funds and institutional investors have adjusted their investments in First US Bancshares. Diversified LLC established a new position in the company in the second quarter valued at about $106,000. Similarly, Cahaba Wealth Management Inc. added shares worth approximately $118,000. Additionally, Gendell Jeffrey L increased its stake in the business by 14.0% during the first quarter, now owning 332,957 shares valued at around $3,083,000 after acquiring 40,976 additional shares in the last quarter. Currently, institutional investors and hedge funds own about 18.74% of the company's stock.

About First US Bancshares, Inc.

First US Bancshares, Inc. is the bank holding company of First US Bank, which specializes in providing a wide range of commercial banking products and services. The offerings include non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.

Final Thoughts

As First US Bancshares continues to navigate the financial landscape, the recent decline in short interest could indicate a shift in investor sentiment. The company’s quarterly earnings and robust dividend policy may also appeal to potential investors looking for stability and growth.

Bancshares, Stocks, Dividend