Cypress Wealth Services LLC Purchases New Shares in U.S. Bancorp $USB

Cypress Wealth Services LLC acquired a new position in U.S. Bancorp (NYSE:USBFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,314 shares of the financial services provider’s stock, valued at approximately $817,000.

A number of other institutional investors have also recently bought and sold shares of USB. Guerra Advisors Inc bought a new position in U.S. Bancorp during the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth $28,000. Finally, Binnacle Investments Inc increased its position in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 273 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $50.89 on Friday. U.S. Bancorp has a twelve month low of $35.18 and a twelve 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’s 50-day simple moving average is $55.19 and its 200 day simple moving average is $51.79. The firm has a market capitalization of $78.99 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $7.92 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

USB has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on U.S. Bancorp in a research note on Thursday. They issued a “hold” rating and a $55.00 price target for the company. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. DA Davidson boosted their target price on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Evercore increased their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Finally, Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $66.00 in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.52.

Read Our Latest Analysis on U.S. Bancorp

U.S. Bancorp News Roundup

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

U.S. Bancorp Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.