First US Bancshares Inc (NASDAQ:FUSB) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totalling 1,300 shares, a decline of 40.9% from the February 27th total of 2,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 0.3 days.
FUSB traded up $0.38 on Thursday, reaching $6.11. 17,600 shares of the company traded hands, compared to its average volume of 6,134. The stock’s 50 day moving average price is $10.09 and its 200-day moving average price is $10.15. First US Bancshares has a 52-week low of $5.18 and a 52-week high of $12.00. The company has a market cap of $35.26 million, a price-to-earnings ratio of 9.12 and a beta of 1.03.
First US Bancshares (NASDAQ:FUSB) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.18 EPS for the quarter. First US Bancshares had a net margin of 9.33% and a return on equity of 5.47%. The firm had revenue of $10.59 million for the quarter.
A hedge fund recently raised its stake in First US Bancshares stock. Renaissance Technologies LLC boosted its stake in shares of First US Bancshares Inc (NASDAQ:FUSB) by 13.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,259 shares of the financial services provider’s stock after purchasing an additional 19,695 shares during the period. Renaissance Technologies LLC owned about 2.62% of First US Bancshares worth $1,895,000 at the end of the most recent reporting period. 17.67% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on FUSB shares. TheStreet downgraded shares of First US Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. ValuEngine raised shares of First US Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday.
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 accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.
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