Community Bank N.A. Sells 2,668 Shares of U.S. Bancorp (NYSE:USB)

Community Bank N.A. reduced its position in shares of U.S. Bancorp (NYSE:USB) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,441 shares of the financial services provider’s stock after selling 2,668 shares during the quarter. Community Bank N.A.’s holdings in U.S. Bancorp were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the 4th quarter worth about $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the 4th quarter worth about $27,000. Legacy Financial Group LLC bought a new stake in U.S. Bancorp during the 3rd quarter worth about $30,000. Finally, Naples Money Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $30,000. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Oppenheimer lowered their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group upped their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. UBS Group lowered their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.14.

U.S. Bancorp Stock Up 1.6 %

NYSE:USB traded up $0.64 during trading hours on Wednesday, reaching $41.61. 6,548,603 shares of the stock were exchanged, compared to its average volume of 8,786,709. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a 50 day moving average of $42.36 and a 200 day moving average of $40.04. The stock has a market cap of $64.83 billion, a PE ratio of 13.78, a PEG ratio of 2.13 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.