First US Bancshares Inc (FUSB) Director David Peter Hale Acquires 5,000 Shares

First US Bancshares Inc (NASDAQ:FUSB) Director David Peter Hale purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average price of $8.80 per share, with a total value of $44,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Shares of First US Bancshares stock opened at $8.80 on Friday. The stock has a market capitalization of $55.41 million, a P/E ratio of 36.67 and a beta of 0.70. First US Bancshares Inc has a 1 year low of $8.75 and a 1 year high of $14.38.

The firm also recently disclosed 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. This represents a $0.08 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, December 6th.

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

An institutional investor recently raised its position in First US Bancshares stock. Pinnacle Holdings LLC increased its holdings in First US Bancshares Inc (NASDAQ:FUSB) by 76.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,245 shares of the financial services provider’s stock after acquiring 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. 15.10% of the stock is currently owned by institutional investors and hedge funds.

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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 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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