First US Bancshares Inc (NASDAQ:FUSB) Sees Significant Drop in Short Interest

First US Bancshares Inc (NASDAQ:FUSB) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 1,000 shares, a decline of 67.7% from the June 30th total of 3,100 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Separately, ValuEngine upgraded shares of First US Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd.

Shares of FUSB stock opened at $6.00 on Friday. The firm has a 50-day moving average price of $6.61 and a 200 day moving average price of $8.19. First US Bancshares has a twelve month low of $5.18 and a twelve month high of $12.00. The company has a market capitalization of $36.86 million, a price-to-earnings ratio of 11.32 and a beta of 1.50.

First US Bancshares (NASDAQ:FUSB) last announced its earnings results on Monday, May 4th. The financial services provider reported $0.13 earnings per share for the quarter. First US Bancshares had a net margin of 7.54% and a return on equity of 4.24%. The firm had revenue of $10.18 million during the quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenleaf Trust acquired a new position in shares of First US Bancshares during the 1st quarter valued at about $123,000. Renaissance Technologies LLC increased its stake in shares of First US Bancshares by 13.7% during the 4th quarter. Renaissance Technologies LLC now owns 163,259 shares of the financial services provider’s stock valued at $1,895,000 after acquiring an additional 19,695 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in shares of First US Bancshares during the 2nd quarter valued at about $242,000. Finally, Wellington Management Group LLP increased its stake in shares of First US Bancshares by 3.4% during the 1st quarter. Wellington Management Group LLP now owns 82,037 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 2,674 shares during the last quarter. 18.09% of the stock is owned by institutional investors.

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 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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