Hickory Point Bank & Trust Sells 825 Shares of U.S. Bancorp (NYSE:USB)

Hickory Point Bank & Trust decreased its holdings in U.S. Bancorp (NYSE:USB) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,615 shares of the financial services provider’s stock after selling 825 shares during the quarter. Hickory Point Bank & Trust’s holdings in U.S. Bancorp were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of USB. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $30,000. Picton Mahoney Asset Management bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at $31,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB stock opened at $44.76 on Friday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company’s fifty day moving average price is $41.15 and its 200-day moving average price is $45.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $69.74 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business posted $0.78 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. U.S. Bancorp’s dividend payout ratio is currently 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Raymond James reissued an “outperform” rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Morgan Stanley reduced their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Piper Sandler dropped their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.67.

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.