Czech National Bank Buys 14,641 Shares of U.S. Bancorp $USB

Czech National Bank raised its position in shares of U.S. Bancorp (NYSE:USB) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 409,881 shares of the financial services provider’s stock after purchasing an additional 14,641 shares during the quarter. Czech National Bank’s holdings in U.S. Bancorp were worth $21,871,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. Financial Life Planners bought a new position in U.S. Bancorp during the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in U.S. Bancorp during the third quarter worth $26,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the third quarter valued at $28,000. Finally, Binnacle Investments Inc lifted its holdings in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $51.54 on Friday. The business’s fifty day moving average is $55.27 and its 200 day moving average is $51.76. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $80.00 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.88 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results 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. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the business posted $1.07 EPS. U.S. Bancorp’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. U.S. Bancorp’s payout ratio is presently 45.02%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Royal Bank Of Canada boosted their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. HSBC restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group started coverage on U.S. Bancorp in a report on Thursday. They issued a “hold” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.80.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider owned 97,728 shares in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

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.