U.S. Bancorp (NYSE:USB) Stock Price Expected to Rise, Oppenheimer Analyst Says

U.S. Bancorp (NYSE:USB) had its target price boosted by equities research analysts at Oppenheimer from $65.00 to $66.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 44.36% from the stock’s previous close.

Several other equities analysts have also issued reports on USB. The Goldman Sachs Group lifted their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Barclays decreased their target price on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Citigroup boosted their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company decreased their target price on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.36.

U.S. Bancorp Trading Up 1.1%

Shares of USB opened at $45.72 on Friday. The firm’s 50 day simple moving average is $44.82 and its 200 day simple moving average is $44.27. The company has a market capitalization of $71.23 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.75 and a beta of 0.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USB. Saudi Central Bank purchased a new position in U.S. Bancorp during the first quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership boosted its stake in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp in the first quarter worth approximately $30,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $31,000. 77.60% of the stock is currently owned by hedge funds and other 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.