First US Bancshares Inc (NASDAQ:FUSB) shares hit a new 52-week low during trading on Thursday . The company traded as low as $7.99 and last traded at $8.79, with a volume of 11547 shares traded. 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 report on Tuesday, October 2nd.

The stock has a market cap of $53.52 million, a PE ratio of 35.42 and a beta of 0.70.

First US Bancshares (NASDAQ:FUSB) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $10.44 million 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 also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, December 6th.

In other news, Director David Peter Hale acquired 5,000 shares of the stock in a transaction dated Friday, November 30th. The shares were acquired at an average cost of $8.80 per share, for a total transaction of $44,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 8,000 shares of company stock worth $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. Pinnacle Holdings LLC increased its position in shares of First US Bancshares Inc (NASDAQ:FUSB) by 76.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,245 shares of the financial services provider’s stock after purchasing an additional 20,005 shares during the period. Pinnacle Holdings LLC owned about 0.76% of First US Bancshares worth $502,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.45% of the company’s stock.

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About First US Bancshares (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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