First US Bancshares Inc (NASDAQ:FUSB) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $8.77. First US Bancshares shares last traded at $9.00, with a volume of 5,068 shares changing hands.
Several research firms have recently commented on FUSB. ValuEngine cut shares of First US Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet cut shares of First US Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th.
The firm’s 50 day moving average is $9.13. The company has a market capitalization of $58.00 million, a price-to-earnings ratio of 15.89 and a beta of 1.05.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of First US Bancshares by 9.8% during the second quarter. BlackRock Inc. now owns 26,711 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 2,381 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of First US Bancshares by 7.9% during the second quarter. Renaissance Technologies LLC now owns 140,664 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 10,320 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of First US Bancshares by 78.7% during the second quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 2,825 shares during the last quarter. 15.72% of the stock is currently owned by institutional investors and hedge funds.
First US Bancshares Company Profile (NASDAQ:FUSB)
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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