U.S. Bancorp (NYSE:USB) Price Target Raised to $69.00 at Truist Financial

U.S. Bancorp (NYSE:USB) had its price objective increased by equities research analysts at Truist Financial from $66.00 to $69.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential upside of 6.82% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. DA Davidson reiterated a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. Royal Bank Of Canada boosted their price target on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Oppenheimer lowered their price objective on U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial assumed coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.30.

U.S. Bancorp Stock Performance

NYSE USB opened at $64.59 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week high of $64.27. The business has a fifty day moving average of $57.74 and a 200-day moving average of $56.03. The stock has a market cap of $100.19 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the company earned $1.11 earnings per share. As a group, analysts predict that U.S. Bancorp will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of U.S. Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of USB. Bank & Trust Co grew its stake in U.S. Bancorp by 5.7% during the 2nd quarter. Bank & Trust Co now owns 10,912 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 584 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $202,000. Annex Advisory Services LLC lifted its position in shares of U.S. Bancorp by 1.7% during the second quarter. Annex Advisory Services LLC now owns 36,218 shares of the financial services provider’s stock worth $2,188,000 after purchasing an additional 600 shares during the last quarter. Cardinal Capital Management Inc. grew its stake in U.S. Bancorp by 5.4% in the second quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock worth $19,725,000 after purchasing an additional 16,814 shares in the last quarter. Finally, Tema ETFs LLC increased its holdings in U.S. Bancorp by 10.3% in the second quarter. Tema ETFs LLC now owns 29,461 shares of the financial services provider’s stock valued at $1,779,000 after buying an additional 2,755 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: U.S. Bancorp posted record quarterly revenue and beat earnings expectations, showing broad-based strength across lending, fees, and payments. U.S. Bancorp Reports Second Quarter 2026 Results
• Positive Sentiment: The bank raised its 2026 revenue outlook to about $30.7 billion to $31.3 billion, signaling management confidence in continued momentum. U.S. Bancorp Reports Record Revenue, Raises Outlook
• Positive Sentiment: Robert W. Baird raised its price target on USB to $68 from $64, reinforcing the view that the stock still has room to run despite keeping a neutral rating. Robert W. Baird price target note
• Neutral Sentiment: Some commentary noted that expense growth was a disappointment, which may limit how much investors reward the earnings beat in the near term. U.S. Bancorp Q2 earnings beat, but expense growth disappoints

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.