First US Bancshares (FUSB) Insider Wilson Buys $1.4K of Stock

On June 30, Bruce Wilson, an insider at First US Bancshares, Inc. (NasdaqCM: FUSB), purchased 83 shares of the company. The shares were bought at an average price of $16.55 each, amounting to a total value of $1,373.65.

Insider Buying and Selling at First US Bancshares, Inc.

In addition to Bruce Wilson, several other insiders made purchases on June 30. John Lee McPhearson bought 53 shares, Robert Briggs acquired 70 shares, Jack Meigs purchased 26 shares, Robert Field bought 370 shares, and Aubrey Miller acquired 57 shares. All these transactions were executed at the same price of $16.55 per share.

Other Institutional Activity in First US Bancshares

Vanguard Capital Management LLC opened a new position in First US Bancshares, acquiring 93,651 shares valued at approximately $1.43 million. Meanwhile, Renaissance Technologies LLC reduced its holdings by 5,100 shares, bringing its total to 82,321 shares worth about $1.26 million, marking a 5.8% decrease. Geode Capital Management, LLC also trimmed its position by 1,778 shares, holding 56,979 shares valued at roughly $872,011, reflecting a 3.0% decrease. Pinnacle Holdings, LLC decreased its stake by 2,934 shares, maintaining 52,872 shares worth about $808,942, a 5.3% reduction.

First US Bancshares, Inc. Stock Up 0.6%

Shares of First US Bancshares, Inc. (NasdaqCM: FUSB) traded near $16.55 on Wednesday. The company has a market capitalization of approximately $92.1 million and a P/E ratio of 15.91. The stock has a 52-week low of $10.30 and a high of $16.98, with a 50-day moving average of $16.12 and a 200-day moving average of $14.51.

About First US Bancshares

First US Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. It operates as the parent company of First US Bank, offering a range of commercial banking products and services. The bank provides various deposit accounts, loans, and other financial services to small and medium-sized businesses, as well as individuals. Led by CEO James F. House, the company employs 153 people.

Bottom Line

Insider buying activities like those of Bruce Wilson can signal confidence in First US Bancshares' prospects. While these transactions provide insight into insider sentiment, they are not predictive of future stock performance. Investors often track such insider activities for potential market signals, but it's important to remember that these transactions may not reflect the current market conditions.