First US Bancshares (FUSB) Reaches New 12-Month Low at $7.99

First US Bancshares Inc (NASDAQ:FUSB) hit a new 52-week low during trading on Thursday . The stock traded as low as $7.99 and last traded at $8.79, with a volume of 11547 shares. The stock had previously closed at $8.79.

Separately, ValuEngine cut First US Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

The company has a market capitalization of $53.52 million, a price-to-earnings ratio of 35.42 and a beta of 0.70.

First US Bancshares (NASDAQ:FUSB) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter. First US Bancshares had a positive return on equity of 2.12% and a negative net margin of 2.15%. The company had revenue of $10.44 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a $0.02 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.89%.

In other news, Director David Peter Hale purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average price of $8.80 per share, with a total value of $44,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders purchased 8,000 shares of company stock valued at $71,630. 11.90% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in First US Bancshares stock. Dimensional Fund Advisors LP increased its stake in First US Bancshares Inc (NASDAQ:FUSB) by 52.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,695 shares of the financial services provider’s stock after purchasing an additional 6,063 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.29% of First US Bancshares worth $206,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.45% of the company’s stock.

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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 in Alabama. 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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