16,182 Shares in U.S. Bancorp $USB Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,182 shares of the financial services provider’s stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Guerra Advisors Inc purchased a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp during the third quarter worth about $26,000. Hillsdale Investment Management Inc. acquired a new stake in U.S. Bancorp during the second quarter worth about $27,000. Finally, Binnacle Investments Inc raised its position in U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of analyst reports. DA Davidson boosted their price target on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their target price 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. UBS Group reissued a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $51.00 on Monday. 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 has a 12-month low of $35.18 and a 12-month high of $61.19. The business’s 50 day moving average is $55.86 and its two-hundred day moving average is $51.62. The company has a market capitalization of $79.17 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.91 and a beta of 1.04.

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

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s payout ratio is presently 45.02%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

U.S. Bancorp 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.