First US Bancshares Inc (NASDAQ:FUSB) was the target of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 2,400 shares, an increase of 33.3% from the November 14th total of 1,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 0.5 days.
First US Bancshares stock opened at $10.55 on Friday. The business’s 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $9.42. The company has a market cap of $65.52 million, a PE ratio of 14.83 and a beta of 1.08. First US Bancshares has a fifty-two week low of $7.60 and a fifty-two week high of $10.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, December 11th. This is an increase from First US Bancshares’s previous quarterly dividend of $0.02.
FUSB has been the topic of several research analyst reports. TheStreet upgraded First US Bancshares from a “c+” rating to a “b-” rating in a research note on Thursday, December 5th. ValuEngine downgraded First US Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th.
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 accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.
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