U.S. Bancorp (NYSE:USB) Receives $60.45 Average Target Price from Brokerages

U.S. Bancorp (NYSE:USB) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $60.4524.

A number of analysts have issued reports on USB shares. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Oppenheimer reduced their price objective on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. Truist Financial raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. UBS Group reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Finally, Barclays lifted their target price on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of large investors have recently bought and sold shares of USB. Clayton Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth $25,000. Guerra Advisors Inc purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth $26,000. Finally, Rossby Financial LCC lifted its holdings in shares of U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after buying an additional 212 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 1.0%

Shares of USB opened at $53.47 on Friday. The business’s 50 day moving average is $54.86 and its 200 day moving average is $51.94. The company has a market capitalization of $83.00 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

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

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.52 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. U.S. Bancorp’s payout ratio is 45.02%.

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.