First US Bancshares (NASDAQ:FUSB) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of First US Bancshares (NASDAQ:FUSB) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

Separately, TheStreet cut First US Bancshares from a b- rating to a c+ rating in a research note on Thursday, July 25th.

First US Bancshares stock traded up $0.05 during mid-day trading on Thursday, reaching $8.80. The stock had a trading volume of 575 shares, compared to its average volume of 9,313. First US Bancshares has a fifty-two week low of $7.60 and a fifty-two week high of $11.11. The stock’s 50-day simple moving average is $9.18 and its 200-day simple moving average is $9.58. The firm has a market capitalization of $54.80 million, a PE ratio of 14.98 and a beta of 1.03.



First US Bancshares (NASDAQ:FUSB) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.15 EPS for the quarter. First US Bancshares had a return on equity of 4.91% and a net margin of 8.21%. The firm had revenue of $10.52 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.91%.

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its stake in First US Bancshares by 78.7% in the second quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 2,825 shares during the period. BlackRock Inc. boosted its position in shares of First US Bancshares by 9.8% during the second quarter. BlackRock Inc. now owns 26,711 shares of the financial services provider’s stock valued at $247,000 after buying an additional 2,381 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of First US Bancshares by 7.9% during the second quarter. Renaissance Technologies LLC now owns 140,664 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 10,320 shares during the last quarter. 15.86% of the stock is owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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