U.S. Bancorp (NYSE:USB – Get Free Report) had its target price raised by equities researchers at Robert W. Baird from $64.00 to $68.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 6.44% from the stock’s previous close.
USB has been the subject of several other research reports. Raymond James Financial began coverage on shares of U.S. Bancorp in a report on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 target price for the company. JPMorgan Chase & Co. raised their price target on U.S. Bancorp from $57.50 to $65.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $75.00 in a report on Monday, July 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.84.
Check Out Our Latest Research Report on USB
U.S. Bancorp Trading Up 1.4%
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the business earned $1.11 EPS. As a group, equities analysts expect that U.S. Bancorp will post 5.11 earnings per share for the current fiscal year.
Insider Transactions at U.S. Bancorp
In related news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.
Hedge Funds Weigh In On U.S. Bancorp
A number of hedge funds have recently added to or reduced their stakes in USB. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the 1st quarter worth approximately $27,000. Main Street Group LTD purchased a new stake in U.S. Bancorp during the 1st quarter worth approximately $28,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp during the 3rd quarter valued at approximately $28,000. Finally, Binnacle Investments Inc increased its stake in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.
Key Headlines Impacting U.S. Bancorp
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: U.S. Bancorp posted Q2 earnings of $1.35 per share, topping estimates, while revenue rose to a record $7.71 billion on solid loan growth and stronger fee income. U.S. Bancorp Posts Strong Second-Quarter 2026 Results
- Positive Sentiment: The company said its payments business helped drive growth, highlighting broad-based strength in customer spending and digital banking activity. U.S. Bancorp Rides Payments Boom to Record Revenue
- Positive Sentiment: Management raised its 2026 revenue outlook, which signals confidence that momentum can continue into the second half of the year. U.S. Bancorp Reports Record Revenue, Raises Outlook
- Neutral Sentiment: Investors also noted a mixed read on the quarter: while earnings and revenue beat, expense growth was described as disappointing in some coverage, which could temper enthusiasm. U.S. Bancorp Q2 earnings beat, but expense growth disappoints
U.S. Bancorp Company Profile
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.
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