U.S. Bancorp $USB Stock Holdings Raised by Citizens Business Bank

Citizens Business Bank raised its stake in U.S. Bancorp (NYSE:USB) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 91,565 shares of the financial services provider’s stock after purchasing an additional 1,557 shares during the period. Citizens Business Bank’s holdings in U.S. Bancorp were worth $4,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Saudi Central Bank acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at about $26,000. Westend Capital Management LLC acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at about $27,000. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock valued at $31,000 after buying an additional 420 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Bank of America lifted their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a report on Friday. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $51.00 to $57.00 in a report on Monday, July 7th. Truist Financial lifted their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company a “hold” rating in a report on Friday. Finally, Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average target price of $54.48.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 0.0%

U.S. Bancorp stock opened at $45.66 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $47.93 and a two-hundred day moving average price of $44.81. The firm has a market capitalization of $71.06 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.33 and a beta of 1.06. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. U.S. Bancorp’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.

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.