First US Bancshares (NASDAQ:FUSB) Share Price Passes Above 200-Day Moving Average – Here’s Why

First US Bancshares, Inc. (NASDAQ:FUSBGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.22 and traded as high as $13.21. First US Bancshares shares last traded at $13.21, with a volume of 316 shares.

First US Bancshares Stock Down 0.2 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $12.61 and a 200-day moving average price of $11.22. The firm has a market capitalization of $75.51 million, a PE ratio of 9.44 and a beta of 0.92.

First US Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.07 per share. This is a boost from First US Bancshares’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, December 13th. First US Bancshares’s dividend payout ratio (DPR) is presently 20.00%.

Hedge Funds Weigh In On First US Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cahaba Wealth Management Inc. acquired a new stake in shares of First US Bancshares during the 2nd quarter worth approximately $118,000. Geode Capital Management LLC increased its position in shares of 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 worth $611,000 after purchasing an additional 6,325 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of First US Bancshares during the 3rd quarter worth about $125,000. 18.74% of the stock is currently owned by institutional investors and hedge funds.

First US Bancshares Company Profile

(Get Free Report)

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.

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