Short Interest in First US Bancshares, Inc. (NASDAQ:FUSB) Drops By 48.1%

First US Bancshares, Inc. (NASDAQ:FUSB - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,100 shares, a decrease of 48.1% from the March 15th total of 7,900 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First US Bancshares

A number of large investors have recently made changes to their positions in FUSB. Sanctuary Advisors LLC purchased a new stake in First US Bancshares during the third quarter worth about $125,000. Geode Capital Management LLC boosted its stake 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 acquiring an additional 6,325 shares in the last quarter. Northern Trust Corp boosted its stake in shares of First US Bancshares by 54.5% during the 4th quarter. Northern Trust Corp now owns 24,644 shares of the financial services provider's stock worth $310,000 after acquiring an additional 8,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of First US Bancshares by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,761 shares of the financial services provider's stock worth $398,000 after acquiring an additional 3,176 shares during the period. Hedge funds and other institutional investors own 18.74% of the company's stock.

First US Bancshares Stock Performance

Shares of NASDAQ:FUSB traded down $0.25 during midday trading on Monday, hitting $12.55. The stock had a trading volume of 501 shares, compared to its average volume of 5,691. The company has a market capitalization of $72.19 million, a PE ratio of 9.44 and a beta of 0.59. First US Bancshares has a 1 year low of $8.75 and a 1 year high of $14.30. The stock has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $12.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

First US Bancshares (NASDAQ:FUSB - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. First US Bancshares had a return on equity of 8.61% and a net margin of 13.21%.

First US Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.23%. First US Bancshares's payout ratio is currently 21.05%.

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 offers non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.