Truist Financial Issues Pessimistic Forecast for U.S. Bancorp (NYSE:USB) Stock Price

U.S. Bancorp (NYSE:USB) had its target price cut by analysts at Truist Financial from $63.00 to $62.00 in a report issued on Friday, MarketBeat reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 9.03% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Argus lifted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. TD Cowen lifted their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, HSBC reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.18.

U.S. Bancorp Stock Up 2.5%

USB opened at $56.87 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.80. The business has a 50 day simple moving average of $54.50 and a 200-day simple moving average of $52.33. The stock has a market capitalization of $88.27 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.01 and a beta of 1.01. U.S. Bancorp has a 12 month low of $37.24 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insider Transactions at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Faithward Advisors LLC raised its holdings in shares of U.S. Bancorp by 183.7% in the first quarter. Faithward Advisors LLC now owns 13,118 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 8,494 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of U.S. Bancorp by 2.3% in the first quarter. CENTRAL TRUST Co now owns 63,703 shares of the financial services provider’s stock worth $3,313,000 after acquiring an additional 1,429 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in shares of U.S. Bancorp by 14.1% in the first quarter. Cidel Asset Management Inc. now owns 16,307 shares of the financial services provider’s stock worth $848,000 after acquiring an additional 2,018 shares during the last quarter. Coerente Capital Management raised its holdings in shares of U.S. Bancorp by 1.3% in the first quarter. Coerente Capital Management now owns 435,087 shares of the financial services provider’s stock worth $22,629,000 after acquiring an additional 5,659 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of U.S. Bancorp in the first quarter worth $201,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q1 beat and core revenue strength — USB reported $1.18 EPS vs. $1.14 expected and ~ $7.29B revenue, driven by higher net interest income and fee revenue; management highlighted loan and deposit growth and improved operating leverage. Read More.
• Positive Sentiment: Partnerships and growth initiatives — management announced a partnership with Amazon to expand small‑business reach and a multi‑year NFL sponsorship, both supporting revenue/brand expansion catalysts. Read More.
• Positive Sentiment: Analyst upgrades/affirmations — several firms kept Buy ratings or raised targets (DA Davidson reaffirmed Buy with $65 PT), reflecting upside to consensus for many analysts. Read More.
• Neutral Sentiment: Guidance and outlook — USB reaffirmed a mid‑single‑digit full‑year net revenue outlook and expects Q2 net interest income and fee revenue growth of ~6–7%; guidance is constructive but not overly aggressive. Read More.
• Neutral Sentiment: Valuation/efficiency narrative — analysts and press note USB’s valuation as a value/efficiency story (brokerage outsourcing savings, improving margins) that underpins longer‑term upside if growth persists. Read More.
• Negative Sentiment: Higher credit costs — the beat was partially offset by rising credit provisions and some commentary about increasing credit costs, which tempered investor enthusiasm and prompted mixed analyst reactions. Read More.
• Negative Sentiment: Mixed analyst stance — while some firms raised targets or kept Buy ratings, others remain cautious (Jefferies maintained a Hold citing softer NII outlook and sub‑peer margin concerns), leading to divergent near‑term views. Read More.

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.