Mendota Financial Group LLC Purchases 1,878 Shares of U.S. Bancorp (NYSE:USB)

Mendota Financial Group LLC lifted its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 186.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,883 shares of the financial services provider’s stock after buying an additional 1,878 shares during the quarter. Mendota Financial Group LLC’s holdings in U.S. Bancorp were worth $125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vestcor Inc grew its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 230 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after buying an additional 276 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 280 shares in the last quarter. Investors Research Corp boosted its position in U.S. Bancorp by 0.9% during the second quarter. Investors Research Corp now owns 35,268 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 300 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its position in U.S. Bancorp by 2.0% during the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 1.6 %

Shares of USB opened at $44.70 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average is $42.13 and its two-hundred day moving average is $38.94. The firm has a market cap of $69.65 billion, a P/E ratio of 13.63, a PEG ratio of 2.31 and a beta of 1.04. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Analysts predict that U.S. Bancorp will post 3.88 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Analysts Set New Price Targets

USB has been the topic of a number of recent research reports. UBS Group raised their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Oppenheimer reduced their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Barclays raised their price objective on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Finally, StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.41.

Read Our Latest Stock Report on U.S. Bancorp

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock valued at $2,535,903 over the last ninety days. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Company Profile

(Free Report)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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