U.S. Bancorp (NYSE:USB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of U.S. Bancorp (NYSE:USB) have been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $60.0238.

A number of research analysts recently weighed in on USB shares. Royal Bank Of Canada raised their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. DA Davidson boosted their price target on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research 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. Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, TD Cowen lifted their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

Several large investors have recently made changes to their positions in USB. Guerra Advisors Inc bought a new stake in U.S. Bancorp during the third quarter worth $25,000. Financial Life Planners bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $25,000. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth about $26,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 0.6%

NYSE:USB opened at $52.08 on Tuesday. The company has a market cap of $80.91 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $61.19. The business has a 50 day moving average price of $56.02 and a two-hundred day moving average price of $51.53. 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 (NYSE:USB) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. As a group, analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

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.