In a recent transaction, Marlene M. McCain, a director at First US Bancshares, Inc. (NASDAQ:FUSB), sold 1,000 shares of the company's common stock. The sale, which took place on May 16, 2024, was executed at a weighted average price of $10.88 per share, bringing the total value of the transaction to $10,880.
Investors tracking insider activity may note that the prices at which McCain sold her shares ranged from $10.85 to $10.90, as detailed in the footnotes of the filing. The transaction has adjusted McCain's holding in the company to a total of 3,507 shares of common stock following the sale.
The sale by McCain is reported in accordance with the Securities and Exchange Commission regulations, which require insiders to disclose stock trades. The disclosed information offers a glimpse into the actions of First US Bancshares' insiders, potentially providing insight into their perspective on the company's current valuation and future prospects.
First US Bancshares, headquartered in Birmingham, Alabama, operates as a state commercial bank and is incorporated in Delaware. The bank's shares are traded on the NASDAQ stock exchange under the ticker symbol FUSB.
As always, investors are encouraged to consider the context of such insider transactions as part of a broader investment strategy. Insider selling can occur for a variety of reasons and does not necessarily indicate a negative outlook for the company.
InvestingPro Insights
Following the recent insider transaction at First US Bancshares, Inc. (NASDAQ:FUSB), where director Marlene M. McCain sold shares, investors may find additional context in the company's financial performance and market valuation. According to InvestingPro data, First US Bancshares has a market capitalization of $57.82 million and is trading at a low price-to-earnings (P/E) ratio of 6.99. When adjusted for the last twelve months as of Q1 2024, the P/E ratio slightly improves to 6.79, suggesting the company's earnings are relatively undervalued compared to its share price.
Moreover, an InvestingPro Tip highlights that First US Bancshares is trading at a low earnings multiple, which could be attractive to value investors seeking companies with earnings power that may not be fully reflected in their stock prices. Another notable InvestingPro Tip is the company's high shareholder yield, which is a sign of the firm's commitment to returning value to its shareholders. In fact, First US Bancshares has maintained dividend payments for 11 consecutive years, with a dividend yield of 1.84% as of the last recorded date.
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