U.S. Bancorp (NYSE:USB) Given Consensus Recommendation of “Moderate Buy” by Analysts

U.S. Bancorp (NYSE:USB) has earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $54.9474.

USB has been the subject of several research reports. Oppenheimer reduced their price target on shares of U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Citigroup boosted their target price on shares of U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. Finally, Truist Financial upped their price objective on U.S. Bancorp from $52.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 18th.

U.S. Bancorp Trading Up 0.8%

NYSE:USB opened at $54.94 on Thursday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $55.15. The firm has a 50-day moving average price of $49.23 and a two-hundred day moving average price of $47.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $85.40 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post 4.38 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 Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 47.60%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the sale, the chairman directly owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James L. Chosy sold 26,909 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the transaction, the executive vice president owned 226,375 shares of the company’s stock, valued at $10,607,932.50. This represents a 10.62% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new position in shares of U.S. Bancorp in the third quarter valued at approximately $25,000. Financial Life Planners bought a new position in U.S. Bancorp in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in U.S. Bancorp in the 3rd quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at $25,000. Finally, JPL Wealth Management LLC bought a new position in shares of U.S. Bancorp in the third quarter worth $28,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.