U.S. Bancorp (NYSE:USB) Price Target Raised to $65.00 at Evercore ISI

U.S. Bancorp (NYSE:USB) had its price objective upped by Evercore ISI from $60.00 to $65.00 in a report released on Thursday morning, Marketbeat reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on the company. Oppenheimer boosted their price target on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Argus increased their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Royal Bank Of Canada upped their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Citigroup raised their target price on shares of U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.90.

U.S. Bancorp Price Performance

NYSE:USB opened at $59.17 on Thursday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $60.60. The firm has a market cap of $91.97 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company’s 50-day moving average is $54.33 and its two-hundred day moving average is $49.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is 45.02%.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors have recently bought and sold shares of the business. IMG Wealth Management Inc. acquired a new position in shares of U.S. Bancorp during the 2nd quarter valued at $25,000. Guerra Advisors Inc acquired 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 in the third quarter worth about $25,000. Clayton Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $25,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the third quarter valued at about $26,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

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.