U.S. Bancorp (NYSE:USB) Reaches New 1-Year High – Time to Buy?

U.S. Bancorp (NYSE:USB)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $57.42 and last traded at $57.3380, with a volume of 10468397 shares changing hands. The stock had previously closed at $56.11.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USB shares. Wolfe Research cut shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. TD Cowen boosted their price target on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Truist Financial upped their price target on U.S. Bancorp from $58.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $52.00 target price on U.S. Bancorp and gave the company a “neutral” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.19.

U.S. Bancorp Price Performance

The firm has a market cap of $89.13 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50-day simple moving average of $53.73 and a 200 day simple moving average of $49.53.

U.S. Bancorp (NYSE:USB) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Institutional Trading of U.S. Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in USB. Welch Financial Planning LLC bought a new position in U.S. Bancorp during the 4th quarter valued at approximately $446,000. Principal Financial Group Inc. grew its stake in shares of U.S. Bancorp by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider’s stock worth $94,425,000 after acquiring an additional 49,733 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of U.S. Bancorp by 26.5% during the fourth quarter. QRG Capital Management Inc. now owns 123,760 shares of the financial services provider’s stock valued at $6,604,000 after acquiring an additional 25,948 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of U.S. Bancorp by 71.3% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,337 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 4,720 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co raised its position in shares of U.S. Bancorp by 2.1% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 318,020 shares of the financial services provider’s stock worth $16,970,000 after purchasing an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.