First Us Bancsh (NASDAQ:FUSB) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Shares of First Us Bancsh (NASDAQ:FUSB) have fallen below their 200-day moving average, trading at $12.02 during the session.
• The company recently announced a quarterly dividend of $0.07, translating to a dividend yield of 2.3%, with an ex-dividend date of September 12th.
• First Us Bancsh's most recent earnings report showed an EPS of $0.03 and revenue of $10.32 million for the quarter.

Shares of First Us Bancsh (NASDAQ:FUSB - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.69 and traded as low as $12.02. First Us Bancsh shares last traded at $12.02, with a volume of 2,354 shares trading hands.

First Us Bancsh Trading Down 0.4%

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $69.24 million, a P/E ratio of 12.39 and a beta of 0.47. The firm has a 50 day moving average of $12.34 and a 200-day moving average of $12.69.

First Us Bancsh (NASDAQ:FUSB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $10.32 million during the quarter. First Us Bancsh had a return on equity of 5.86% and a net margin of 9.47%.

First Us Bancsh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, September 12th. First Us Bancsh's payout ratio is 28.87%.

Institutional Investors Weigh In On First Us Bancsh

A hedge fund recently raised its stake in First Us Bancsh stock. Gendell Jeffrey L lifted its stake in First Us Bancsh (NASDAQ:FUSB - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,741 shares of the financial services provider's stock after buying an additional 15,301 shares during the period. Gendell Jeffrey L owned approximately 6.56% of First Us Bancsh worth $4,873,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 18.74% of the company's stock.

About First Us Bancsh

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.