First US Bancshares, Inc. (NASDAQ:FUSB) Short Interest Up 5.3% in March

First US Bancshares, Inc. (NASDAQ:FUSB) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,000 shares, an increase of 5.3% from the March 15th total of 5,700 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UBS Group AG grew its position in shares of First US Bancshares by 1,891.8% during the third quarter. UBS Group AG now owns 4,382 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 4,162 shares in the last quarter. Jane Street Group LLC purchased a new position in First US Bancshares in the first quarter worth about $132,000. Northern Trust Corp purchased a new position in First US Bancshares in the fourth quarter worth about $190,000. BlackRock Inc. grew its position in First US Bancshares by 12.0% in the first quarter. BlackRock Inc. now owns 22,483 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in First US Bancshares by 50.3% in the second quarter. Geode Capital Management LLC now owns 33,599 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 11,243 shares in the last quarter. Hedge funds and other institutional investors own 18.74% of the company’s stock.

First US Bancshares Price Performance

NASDAQ:FUSB traded down $0.39 on Tuesday, reaching $9.59. 2,830 shares of the company’s stock traded hands, compared to its average volume of 4,014. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.46. The firm has a market cap of $55.53 million, a PE ratio of 7.50 and a beta of 0.99. First US Bancshares has a 12 month low of $6.61 and a 12 month high of $10.71.

First US Bancshares (NASDAQ:FUSB) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.36 EPS for the quarter. The business had revenue of $10.03 million for the quarter. First US Bancshares had a return on equity of 9.74% and a net margin of 15.10%.

First US Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.09%. First US Bancshares’s payout ratio is 15.04%.

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