First US Bancshares Inc (NASDAQ: FUSB) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
First US Bancshares Inc (NASDAQ: FUSB). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FUSB is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
First US Bancshares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. First US Bancshares has a slightly positive Appreciation Score of 65 and a very high Power Rating of 87, triggering the Highest Value Trend Rating.
Recent Price Action
First US Bancshares Inc (NASDAQ: FUSB) stock closed at $10.48 on 1/3/24 after a modest decline of -1.8%. However, exceptionally low trading volume at 15% of normal accompanied the decline. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
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