Jefferies Financial Group Weighs in on U.S. Bancorp’s Q4 2018 Earnings (USB)

U.S. Bancorp (NYSE:USB) – Equities researchers at Jefferies Financial Group issued their Q4 2018 earnings per share estimates for shares of U.S. Bancorp in a report issued on Tuesday, October 9th. Jefferies Financial Group analyst K. Usdin expects that the financial services provider will earn $1.07 per share for the quarter.

Several other research analysts also recently commented on USB. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wedbush restated a “neutral” rating on shares of U.S. Bancorp in a research note on Monday, July 23rd. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, September 18th. Finally, Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $56.00 to $62.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.72.

Shares of NYSE USB opened at $50.79 on Thursday. U.S. Bancorp has a 52 week low of $48.49 and a 52 week high of $58.50. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.73 and a beta of 0.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.64 billion. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.37 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.48 annualized dividend and a dividend yield of 2.91%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.27%.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $51.71, for a total value of $3,046,960.04. Following the sale, the insider now owns 98,371 shares of the company’s stock, valued at approximately $5,086,764.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. EagleClaw Capital Managment LLC raised its holdings in shares of U.S. Bancorp by 22.2% during the 1st quarter. EagleClaw Capital Managment LLC now owns 5,500 shares of the financial services provider’s stock valued at $279,000 after buying an additional 1,000 shares in the last quarter. Field & Main Bank raised its holdings in shares of U.S. Bancorp by 49.9% during the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,000 shares in the last quarter. Auxier Asset Management raised its holdings in shares of U.S. Bancorp by 8.6% during the 2nd quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after buying an additional 1,000 shares in the last quarter. Legacy Capital Partners Inc. raised its holdings in shares of U.S. Bancorp by 7.2% during the 3rd quarter. Legacy Capital Partners Inc. now owns 14,841 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,000 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its holdings in shares of U.S. Bancorp by 2.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 42,950 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 1,000 shares in the last quarter. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

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