U.S. Bancorp $USB Stock Position Cut by Capital City Trust Co. FL

Capital City Trust Co. FL lessened its stake in U.S. Bancorp (NYSE:USB) by 19.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,737 shares of the financial services provider’s stock after selling 1,427 shares during the period. Capital City Trust Co. FL’s holdings in U.S. Bancorp were worth $260,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Mechanics Financial Corp boosted its position in shares of U.S. Bancorp by 5.3% during the 2nd quarter. Mechanics Financial Corp now owns 4,806 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 240 shares in the last quarter. Bestgate Wealth Advisors LLC lifted its position in shares of U.S. Bancorp by 3.3% in the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 253 shares in the last quarter. Atlantic Family Wealth LLC boosted its holdings in shares of U.S. Bancorp by 4.2% during the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 254 shares during the period. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 260 shares during the period. Finally, Plancorp LLC boosted its holdings in shares of U.S. Bancorp by 0.6% during the first quarter. Plancorp LLC now owns 45,473 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 260 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Up 0.2%

Shares of USB stock opened at $48.00 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $47.61 and its two-hundred day moving average is $44.57. The company has a market cap of $74.69 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday. Oppenheimer cut their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Saturday, September 27th. Finally, Truist Financial raised their price objective on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

U.S. Bancorp 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.