Mitchell Sinkler & Starr PA Grows Stake in U.S. Bancorp $USB

Mitchell Sinkler & Starr PA increased its stake in U.S. Bancorp (NYSE:USB) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,594 shares of the financial services provider’s stock after acquiring an additional 1,355 shares during the period. Mitchell Sinkler & Starr PA’s holdings in U.S. Bancorp were worth $570,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Saudi Central Bank purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. YANKCOM Partnership boosted its position 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 valued at $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. boosted its position in shares of U.S. Bancorp by 1,212.1% during the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after buying an additional 703 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of several recent analyst reports. Oppenheimer dropped their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. UBS Group lifted their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Truist Financial lifted their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Finally, Citigroup lifted their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $53.11.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the business’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 transaction, the executive vice president owned 70,346 shares of the company’s stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $45.29 on Friday. The company has a 50 day moving average price of $47.76 and a 200-day moving average price of $44.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a market capitalization of $70.48 billion, a PE ratio of 10.83, a P/E/G ratio of 1.42 and a beta of 1.06.

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

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.6%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp’s payout ratio is presently 49.76%.

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.