Busey Bank Sells 3,826 Shares of U.S. Bancorp (NYSE:USB)

Busey Bank lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,712 shares of the financial services provider’s stock after selling 3,826 shares during the quarter. Busey Bank’s holdings in U.S. Bancorp were worth $7,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CGC Financial Services LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $27,000. Legacy Financial Group LLC purchased a new position in U.S. Bancorp during the 3rd quarter valued at approximately $30,000. Finally, Compass Wealth Management LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $39,000. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of several research analyst reports. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. UBS Group boosted their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Barclays lifted their target price on U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price target on the stock in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.65.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.83 during midday trading on Monday, hitting $43.86. The company had a trading volume of 2,612,137 shares, compared to its average volume of 8,737,522. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $68.34 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The business’s 50-day simple moving average is $42.22 and its 200-day simple moving average is $39.27.

U.S. Bancorp (NYSE:USB) last issued 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 company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. On average, research analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.47%. U.S. Bancorp’s payout ratio is 59.76%.

Insider Buying and Selling

In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction 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 completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction 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 completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,265 shares of company stock worth $2,535,903. Company insiders own 0.23% 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.