U.S. Bancorp (NYSE:USB) Given Consensus Rating of “Hold” by Brokerages

Shares of U.S. Bancorp (NYSE:USB) have been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.41.

A number of analysts have weighed in on the stock. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Royal Bank of Canada increased their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. 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 report on Monday, April 8th. Oppenheimer dropped their price objective on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th.

U.S. Bancorp Trading Down 0.3 %

NYSE USB opened at $41.45 on Tuesday. The company has a market capitalization of $64.58 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company’s fifty day moving average price is $42.32 and its two-hundred day moving average price is $39.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, research analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. U.S. Bancorp’s dividend payout ratio (DPR) is 59.76%.

Insider Activity

In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’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 completion of the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy A. Welsh sold 12,100 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,265 shares of company stock worth $2,535,903. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USB. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. Planned Solutions Inc. acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of U.S. Bancorp during the first quarter worth approximately $30,000. Finally, Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.