Recent extremely meaningful positive changes in investment behavior have benefitted First US Bancshares Inc (NASDAQ: FUSB): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for First US Bancshares Inc (NASDAQ: FUSB): 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 B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FUSB is expected to continue to be Value Creation neutral.
First US Bancshares has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First US Bancshares has a neutral Power Rating of 56 but a good Appreciation Score of 73, triggering the Positive Value Trend Rating.
Recent Price Action
First US Bancshares Inc (NASDAQ: FUSB) stock closed at $10.92 on 9/11/24 after a slight decline of -0.5%. Moreover, trading volume in this decline was unusually high at 190% of normal. The stock has risen 3.0% during the last week and has performed in line with the market over the last nine months.
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