U.S. Bancorp (NYSE:USB) Given Average Rating of “Hold” by Brokerages

U.S. Bancorp (NYSE:USB) has been given an average recommendation of “Hold” by the twenty-three research firms that are covering the firm, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.41.

USB has been the subject of several analyst reports. UBS Group boosted their target price on U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Evercore ISI boosted their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Royal Bank of Canada boosted their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Finally, Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $41.45 on Tuesday. The stock has a market capitalization of $64.58 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $42.32 and a two-hundred day moving average price of $39.67.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. Equities analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 59.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock valued at $2,535,903 in the last quarter. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently added to or reduced their stakes in the business. Viking Fund Management LLC increased its position in U.S. Bancorp by 666.7% during the 1st quarter. Viking Fund Management LLC now owns 1,840 shares of the financial services provider’s stock worth $82,000 after buying an additional 1,600 shares during the period. Corundum Group Inc. increased its position in U.S. Bancorp by 32.9% during the 1st quarter. Corundum Group Inc. now owns 26,214 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 6,491 shares during the period. Matrix Asset Advisors Inc. NY increased its position in U.S. Bancorp by 8.1% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 624,294 shares of the financial services provider’s stock worth $27,906,000 after buying an additional 46,923 shares during the period. Bowman & Co S.C. bought a new position in U.S. Bancorp during the 1st quarter worth $207,000. Finally, Brookstone Capital Management increased its position in U.S. Bancorp by 2,056.5% during the 1st quarter. Brookstone Capital Management now owns 218,668 shares of the financial services provider’s stock worth $9,774,000 after buying an additional 208,528 shares during the period. Institutional investors own 77.60% of the company’s stock.

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.