U.S. Bancorp (NYSE:USB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of U.S. Bancorp (NYSE:USB) have received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $50.48.

USB has been the topic of several research reports. Royal Bank of Canada cut their price target on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Truist Financial cut their price target on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group cut their price target on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Oppenheimer raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, Wolfe Research upgraded U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, April 3rd.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USB. Winch Advisory Services LLC raised its stake in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp in the fourth quarter worth about $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp in the first quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership lifted its holdings in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 260 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 0.8%

NYSE:USB opened at $44.35 on Wednesday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market cap of $69.10 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The stock has a fifty day simple moving average of $40.69 and a 200-day simple moving average of $46.08. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the company earned $0.78 earnings per share. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 49.50%.

U.S. Bancorp Company Profile

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.