U.S. Bancorp (NYSE:USB) Receives Average Recommendation of “Moderate Buy” from Brokerages

U.S. Bancorp (NYSE:USB) has received an average rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $59.7857.

A number of analysts recently weighed in on USB shares. Truist Financial increased their price objective on shares of U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. Oppenheimer boosted their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. UBS Group reissued a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st.

U.S. Bancorp Trading Up 0.8%

NYSE:USB opened at $58.16 on Friday. The company has a market cap of $90.41 billion, a PE ratio of 12.59, a P/E/G ratio of 1.03 and a beta of 1.06. The business’s 50 day moving average is $55.68 and its two-hundred day moving average is $50.56. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results 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 net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $25,000. Guerra Advisors Inc bought a new position in U.S. Bancorp during the third quarter valued at about $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in U.S. Bancorp in the third quarter worth about $26,000. Finally, IMG Wealth Management Inc. acquired a new stake in U.S. Bancorp in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

About U.S. Bancorp

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.