Weekly Investment Analysts’ Ratings Changes for U.S. Bancorp (USB)
Several brokerages have updated their recommendations and price targets on shares of U.S. Bancorp (NYSE: USB) in the last few weeks:
- 9/23/2016 – U.S. Bancorp had its price target raised by analysts at Credit Agricole SA from $43.00 to $45.00. They now have an “underperform” rating on the stock.
- 9/19/2016 – U.S. Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “U.S. Bancorp recently lowered its profit expectations, citing the persistent global turmoil and slow economic recovery. Apart from reducing ROE and ROA targets, the company also cut its net income growth projection. The revised targets signal that the current stressed operating environment is likely to continue for a longer period. The company’s bottom-line growth remains hindered by mounting expenses. Further, the company continues to face margin pressure amid the slow rise in interest rates. However, the company’s growth prospects should continue get support from its solid business model, core franchise and diverse revenue streams.”
- 9/19/2016 – U.S. Bancorp had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $46.00 price target on the stock, down previously from $47.00.
- 9/17/2016 – U.S. Bancorp had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
- 9/16/2016 – U.S. Bancorp had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.. They wrote, “We traveled with an expanded team of senior management in New York on Thursday, as the company was able to showcase the depth of the bench to investors. We continue to have confidence in FRC and feel it has limited risk and higher growth when compared to many other mid-cap banks. While we acknowledge the valuation is higher than the median, we believe the strength of the franchise, the demonstrated ability to manage credit risk, and the opportunity to continue to sustain higher asset growth levels supports our Outperform rating. Sustained growth continues to drive the story. Since 2010, loans have grown at an 18% CAGR, and deposits at 19%. This high level of growth compounds, driving the increases in tangible book value (TBV) over time. We believe this growth is sustainable, due to the combination of relatively low market share and high customer loyalty. 55% of new loans are from existing customers, another 27% are direct referrals, and market share in their geographies among high net worth individuals is only 4%. This leaves a relatively small hurdle of 18% of new loans from new customer growth.””
- 8/25/2016 – U.S. Bancorp was upgraded by analysts at Portales Partners from a “sector perform” rating to an “outperform” rating.
- 8/10/2016 – U.S. Bancorp had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $44.00 price target on the stock.
Shares of U.S. Bancorp (NYSE:USB) opened at 42.66 on Tuesday. The stock has a market cap of $73.01 billion, a price-to-earnings ratio of 13.37 and a beta of 0.82. U.S. Bancorp has a one year low of $37.07 and a one year high of $44.58. The company has a 50 day moving average price of $43.28 and a 200-day moving average price of $41.98.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The firm had revenue of $5.45 billion for the quarter. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. Equities analysts predict that U.S. Bancorp will post $3.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, September 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 2.63%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 35.00%.
In related news, EVP Craig E. Gifford sold 2,500 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $41.87, for a total value of $104,675.00. Following the transaction, the executive vice president now directly owns 49,881 shares of the company’s stock, valued at approximately $2,088,517.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the completion of the transaction, the insider now directly owns 178,422 shares in the company, valued at $7,493,724. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
Receive News & Ratings for US Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.