First Us Bancsh (NASDAQ:FUSB) Posts Quarterly Earnings Results

First Us Bancsh (NASDAQ:FUSB) announced its earnings results on Wednesday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, FiscalAI reports. First Us Bancsh had a return on equity of 7.43% and a net margin of 12.15%. The company had revenue of $10.82 million for the quarter.

First Us Bancsh Trading Down 0.1%

Shares of First Us Bancsh stock traded down $0.01 during trading hours on Friday, hitting $16.60. The company’s stock had a trading volume of 362 shares, compared to its average volume of 9,190. First Us Bancsh has a twelve month low of $12.81 and a twelve month high of $16.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $16.48 and a 200-day moving average of $15.96. The stock has a market cap of $91.38 million, a price-to-earnings ratio of 12.21 and a beta of 0.23.

First Us Bancsh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, September 11th. First Us Bancsh’s payout ratio is presently 20.59%.

Insider Activity

In other news, Director Robert C. Field acquired 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $16.39 per share, with a total value of $54,087.00. Following the transaction, the director owned 11,300 shares in the company, valued at approximately $185,207. This trade represents a 41.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 7,181 shares of company stock valued at $117,969. Company insiders own 12.12% of the company’s stock.

Hedge Funds Weigh In On First Us Bancsh

An institutional investor recently raised its position in First Us Bancsh stock. Dimensional Fund Advisors LP grew its position in shares of First Us Bancsh (NASDAQ:FUSB) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,060 shares of the financial services provider’s stock after buying an additional 720 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of First Us Bancsh worth $506,000 as of its most recent filing with the SEC. 18.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded First Us Bancsh from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, First Us Bancsh currently has an average rating of “Strong Buy”.

About First Us Bancsh

First US Bancshares, Inc (NASDAQ: FUSB) is a bank holding company headquartered in Birmingham, Alabama. Through its principal subsidiary, First US Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

First US Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, business loans, consumer loans and lines of credit.