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

Shares of U.S. Bancorp (NYSE:USB) have earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $56.30.

A number of analysts recently commented on the stock. Barclays upped their price target on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. 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 report on Friday, October 17th. DA Davidson raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group lifted their price target 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. Finally, Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th.

Institutional Trading of U.S. Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of USB. IMG Wealth Management Inc. purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at $25,000. Guerra Advisors Inc purchased a new position in shares of U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth about $26,000. Finally, Hillsdale Investment Management Inc. bought a new position in U.S. Bancorp during the second quarter valued at approximately $27,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 1.0%

Shares of USB opened at $54.48 on Monday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $56.19. The business has a 50-day moving average of $51.80 and a 200 day moving average of $48.85. The firm has a market cap of $84.69 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last issued 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. The firm had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. As a group, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

U.S. Bancorp Company Profile

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.