U.S. Bancorp (NYSE:USB) Receives Average Rating of “Hold” from Brokerages

U.S. Bancorp (NYSE:USB) has been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the firm, Marketbeat reports. Fourteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $46.02.

Several research analysts have issued reports on the stock. Barclays decreased their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Oppenheimer decreased their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. UBS Group reduced their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. DA Davidson dropped their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company cut their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th.

U.S. Bancorp Stock Performance

USB opened at $41.42 on Friday. The business has a 50 day moving average price of $42.32 and a two-hundred day moving average price of $40.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $64.53 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. Research analysts predict that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. U.S. Bancorp’s payout ratio is 64.90%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred 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 directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WBI Investments LLC boosted its position in U.S. Bancorp by 4.9% during the first quarter. WBI Investments LLC now owns 12,728 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 592 shares during the period. Buck Wealth Strategies LLC lifted its stake in shares of U.S. Bancorp by 799.9% in the first quarter. Buck Wealth Strategies LLC now owns 110,286 shares of the financial services provider’s stock worth $4,930,000 after buying an additional 98,030 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of U.S. Bancorp by 8.9% during the 1st quarter. Richardson Financial Services Inc. now owns 5,950 shares of the financial services provider’s stock worth $266,000 after buying an additional 485 shares during the period. Signaturefd LLC boosted its holdings in shares of U.S. Bancorp by 7.4% during the 1st quarter. Signaturefd LLC now owns 23,382 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 1,621 shares during the period. Finally, Avidian Wealth Solutions LLC boosted its holdings in shares of U.S. Bancorp by 3.3% during the 1st quarter. Avidian Wealth Solutions LLC now owns 10,435 shares of the financial services provider’s stock worth $466,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

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.