Camden National Bank raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,295 shares of the financial services provider’s stock after acquiring an additional 2,256 shares during the period. U.S. Bancorp comprises approximately 2.4% of Camden National Bank’s portfolio, making the stock its 13th biggest holding. Camden National Bank’s holdings in U.S. Bancorp were worth $8,880,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. raised its holdings in shares of U.S. Bancorp by 17.9% during the second quarter. Advisors Asset Management Inc. now owns 76,186 shares of the financial services provider’s stock valued at $3,811,000 after buying an additional 11,547 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of U.S. Bancorp by 15.0% during the second quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after acquiring an additional 2,071,326 shares during the period. First Hawaiian Bank acquired a new position in shares of U.S. Bancorp during the third quarter valued at approximately $1,072,000. WoodTrust Financial Corp increased its stake in shares of U.S. Bancorp by 75.5% during the third quarter. WoodTrust Financial Corp now owns 76,867 shares of the financial services provider’s stock valued at $4,059,000 after acquiring an additional 33,072 shares during the period. Finally, Highland Private Wealth Management acquired a new position in shares of U.S. Bancorp during the third quarter valued at approximately $268,000. Institutional investors and hedge funds own 75.77% of the company’s stock.
U.S. Bancorp stock opened at $50.91 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $56.10.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 annualized dividend and a yield of 2.91%. U.S. Bancorp’s dividend payout ratio (DPR) is 36.10%.
A number of research analysts recently commented on the stock. Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Monday, January 28th. Jefferies Financial Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Barclays raised their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Zacks Investment Research reiterated a “hold” rating on shares of U.S. Bancorp in a research note on Monday, December 31st. Finally, Standpoint Research lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and raised their price objective for the company from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $58.00.
In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the transaction, the insider now owns 61,737 shares in the company, valued at $3,179,455.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.43% of the company’s stock.
U.S. Bancorp 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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