Brokerages Set U.S. Bancorp (NYSE:USB) PT at $53.11

Shares of U.S. Bancorp (NYSE:USB) have been given a consensus rating of “Moderate Buy” by the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $53.1136.

USB has been the subject of a number of research analyst reports. UBS Group lifted their target price on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Citigroup lifted their target price on U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in U.S. Bancorp during the second quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in U.S. Bancorp during the 1st quarter worth $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp during the 1st quarter worth $27,000. Hillsdale Investment Management Inc. purchased a new position in U.S. Bancorp during the 2nd quarter worth $27,000. Finally, YANKCOM Partnership grew its stake in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $46.16 on Friday. The stock has a market cap of $71.83 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm has a 50-day moving average of $47.79 and a two-hundred day moving average of $44.73.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

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.