TheStreet upgraded shares of First US Bancshares (NASDAQ:FUSB) from a c+ rating to a b- rating in a report published on Thursday morning, TheStreetRatingsTable reports.
Separately, ValuEngine downgraded shares of First US Bancshares from a hold rating to a sell rating in a report on Wednesday, November 6th.
Shares of FUSB stock traded up $0.06 on Thursday, hitting $10.62. 1,846 shares of the stock traded hands, compared to its average volume of 7,148. The firm has a market cap of $67.14 million, a price-to-earnings ratio of 15.20 and a beta of 1.08. First US Bancshares has a 52 week low of $7.60 and a 52 week high of $10.80. The firm has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $9.40.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from First US Bancshares’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 1.13%.
Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of First US Bancshares by 78.7% in the second quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 2,825 shares during the period. BlackRock Inc. grew its position 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 worth $247,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in First US Bancshares by 7.9% during the 2nd 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 period. Institutional investors and hedge funds own 16.40% of the company’s stock.
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 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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