U.S. Bancorp (NYSE:USB) Receives $50.48 Consensus Target Price from Analysts

Shares of U.S. Bancorp (NYSE:USB) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $50.89.

A number of research analysts have commented on USB shares. The Goldman Sachs Group lowered their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Citigroup decreased their price target on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. DA Davidson decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reiterated an “outperform” rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th.

U.S. Bancorp Stock Up 0.8%

NYSE:USB opened at $44.92 on Wednesday. The firm has a market capitalization of $69.98 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $40.79 and its 200 day moving average price is $46.02.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.45%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani bought 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently bought and sold shares of USB. Winch Advisory Services LLC grew its position in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp during the 4th quarter worth approximately $26,000. Saudi Central Bank bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $26,000. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $27,000. Finally, FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp during the 4th quarter worth approximately $28,000. 77.60% of the stock is currently owned by institutional investors.

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.