Robert Field Buys 3,300 Shares of First Us Bancsh (NASDAQ:FUSB) Stock

Key Points

• Director Robert Field purchased 3,300 First US Bancshares shares at an average price of $16.39, investing $54,087 and increasing his direct stake by 41.25% to 11,300 shares.
• FUSB recently traded at $16.59, near its 52-week high of $16.99. The company reported quarterly EPS of $0.31 on $20.32 million in revenue and has a market capitalization of approximately $91.2 million.
• First US Bancshares declared a quarterly dividend of $0.07 per share, equivalent to an annualized $0.28 dividend and a 1.7% yield. Analysts maintain a consensus “Hold” rating, while institutional investors own 18.74% of the stock.

First Us Bancsh (NASDAQ:FUSB - Get Free Report) Director Robert Field bought 3,300 shares of First Us Bancsh stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $16.39 per share, with a total value of $54,087.00. Following the acquisition, the director directly owned 11,300 shares in the company, valued at $185,207. This trade represents a 41.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Us Bancsh Stock Performance

FUSB stock traded up $0.14 during mid-day trading on Thursday, hitting $16.59. 2,308 shares of the company were exchanged, compared to its average volume of 9,728. First Us Bancsh has a 1-year low of $11.10 and a 1-year high of $16.99. The stock has a market capitalization of $91.22 million, a PE ratio of 12.56 and a beta of 0.23. The business has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.

First Us Bancsh (NASDAQ:FUSB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.31 EPS for the quarter. The company had revenue of $20.32 million for the quarter. First Us Bancsh had a return on equity of 7.41% and a net margin of 12.10%.

First Us Bancsh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. First Us Bancsh's dividend payout ratio is currently 21.21%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of First Us Bancsh in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, First Us Bancsh currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of First Us Bancsh by 129.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,966 shares of the financial services provider's stock valued at $69,000 after buying an additional 2,805 shares in the last quarter. Marble Wealth LLC acquired a new stake in First Us Bancsh during the fourth quarter worth approximately $214,000. Bank of America Corp DE increased its stake in First Us Bancsh by 37.3% during the 3rd quarter. Bank of America Corp DE now owns 16,056 shares of the financial services provider's stock worth $193,000 after acquiring an additional 4,365 shares during the period. Dimensional Fund Advisors LP increased its stake in First Us Bancsh by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,060 shares of the financial services provider's stock worth $506,000 after acquiring an additional 720 shares during the period. Finally, Geode Capital Management LLC increased its stake in First Us Bancsh by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 56,964 shares of the financial services provider's stock worth $735,000 after acquiring an additional 1,526 shares during the period. Institutional investors and hedge funds own 18.74% of the company's stock.

About First Us Bancsh

First US Bancshares, Inc is the bank holding company for First US Bank, a community-focused financial institution established in 2006 and headquartered in Brookfield, Wisconsin. Through its subsidiary, the company delivers a comprehensive suite of banking products and services designed to meet the needs of individuals, small to midsize businesses, and public sector entities across Southeastern and Northeastern Wisconsin.

The firm's core offerings include commercial lending, treasury management, deposit products and residential mortgage financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source