DA Davidson Lowers U.S. Bancorp (NYSE:USB) Price Target to $44.00

U.S. Bancorp (NYSE:USB) had its price target cut by investment analysts at DA Davidson from $45.00 to $44.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target would suggest a potential upside of 11.31% from the company’s current price.

A number of other equities analysts have also recently issued reports on USB. Morgan Stanley increased their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Wells Fargo & Company dropped their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, UBS Group raised their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $46.91.

U.S. Bancorp Trading Up 0.0 %

U.S. Bancorp stock traded up $0.01 during trading hours on Thursday, reaching $39.53. 4,617,056 shares of the company’s stock were exchanged, compared to its average volume of 8,725,579. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The firm’s 50 day simple moving average is $42.33 and its 200 day simple moving average is $39.72. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The firm has a market capitalization of $61.59 billion, a PE ratio of 12.06, a PEG ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the business posted $1.16 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in USB. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $27,000. Legacy Financial Group LLC purchased a new position in shares of U.S. Bancorp during the 3rd quarter worth $30,000. Finally, Naples Money Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors own 77.60% of the company’s stock.

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.