U.S. Bancorp (NYSE:USB – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $59.93 and traded as high as $60.99. U.S. Bancorp shares last traded at $60.6590, with a volume of 5,826,892 shares.
Wall Street Analysts Forecast Growth
USB has been the subject of several analyst reports. Barclays upped their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. BTIG Research set a $67.50 price target on U.S. Bancorp in a report on Monday, July 20th. Finally, Robert W. Baird increased their price target on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.19.
Read Our Latest Research Report on USB
U.S. Bancorp Price Performance
The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $94.51 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.14 and a beta of 1.00. The stock has a 50-day moving average price of $59.93 and a 200 day moving average price of $58.00.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The firm had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $8 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 18.85%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 5.29 earnings per share for the current fiscal year.
U.S. Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.54 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 42.11%.
Insider Buying and Selling at U.S. Bancorp
In other news, CEO Gunjan Kedia sold 27,267 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the sale, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.
Institutional Trading of U.S. Bancorp
Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Life Planners acquired a new position in U.S. Bancorp in the first quarter valued at $27,000. Main Street Group LTD purchased a new stake in shares of U.S. Bancorp in the first quarter valued at about $28,000. Archer Investment Corp acquired a new stake in shares of U.S. Bancorp during the second quarter worth about $29,000. Parvin Asset Management LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth about $30,000. Finally, NFSG Corp acquired a new stake in shares of U.S. Bancorp during the first quarter worth about $31,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.
The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.
Featured Articles
- Five stocks we like better than U.S. Bancorp
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
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.
