First US Bancshares Inc (NASDAQ:FUSB) declared a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.02 per share by the financial services provider on Monday, July 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, June 6th.
NASDAQ:FUSB opened at $9.90 on Friday. The firm has a market cap of $62.66 million, a PE ratio of 20.29 and a beta of 1.09. First US Bancshares has a 52-week low of $7.60 and a 52-week high of $11.65.
Several research analysts recently weighed in on FUSB shares. TheStreet raised shares of First US Bancshares from a “d+” rating to a “c” rating in a research note on Monday, January 28th. ValuEngine raised shares of First US Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th.
A hedge fund recently raised its stake in First US Bancshares stock. Morgan Stanley boosted its position in First US Bancshares Inc (NASDAQ:FUSB) by 958.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,106 shares of the financial services provider’s stock after purchasing an additional 5,529 shares during the quarter. Morgan Stanley owned about 0.10% of First US Bancshares worth $62,000 as of its most recent filing with the Securities and Exchange Commission. 15.26% of the stock is currently owned by institutional investors.
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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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