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 First US Bancshares from a hold rating to a sell rating in a report on Wednesday, November 6th.
Shares of FUSB stock opened at $10.62 on Thursday. The business’s fifty day moving average price is $10.01 and its 200 day moving average price is $9.40. First US Bancshares has a 1-year low of $7.60 and a 1-year high of $10.80. The firm has a market capitalization of $65.71 million, a PE ratio of 14.87 and a beta of 1.08.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of First US Bancshares by 9.8% in the second quarter. BlackRock Inc. now owns 26,711 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 2,381 shares during the period. Renaissance Technologies LLC boosted its holdings in First US Bancshares by 7.9% during the second quarter. Renaissance Technologies LLC now owns 140,664 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 10,320 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in First US Bancshares by 78.7% during the second quarter. Acadian Asset Management LLC now owns 6,415 shares of the financial services provider’s stock worth $59,000 after buying an additional 2,825 shares during the period. Hedge funds and other institutional investors own 16.40% of the company’s stock.
About First US Bancshares
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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