U.S. Bancorp (USB) Price Target Increased to $61.00 by Analysts at Royal Bank of Canada

U.S. Bancorp (NYSE:USB) had its price objective boosted by Royal Bank of Canada to $61.00 in a report published on Thursday, The Fly reports. The firm currently has an outperform rating on the financial services provider’s stock.

USB has been the topic of a number of other reports. Zacks Investment Research upgraded U.S. Bancorp from a sell rating to a hold rating in a research report on Monday, October 9th. Instinet lowered U.S. Bancorp from a buy rating to a neutral rating and decreased their price target for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Vining Sparks restated a buy rating and set a $64.00 price target on shares of U.S. Bancorp in a research report on Monday, January 8th. Robert W. Baird reiterated a hold rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research report on Friday, October 6th. Finally, UBS Group lowered U.S. Bancorp from a buy rating to a neutral rating and increased their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $56.82.

U.S. Bancorp (NYSE:USB) traded up $0.31 during midday trading on Thursday, reaching $56.46. The company had a trading volume of 10,317,508 shares, compared to its average volume of 5,800,000. The company has a market cap of $93,690.00, a price-to-earnings ratio of 16.09, a PEG ratio of 1.88 and a beta of 0.85. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $57.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.82 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. research analysts anticipate that U.S. Bancorp will post 3.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. U.S. Bancorp’s payout ratio is 34.19%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Hudock Capital Group LLC lifted its stake in shares of U.S. Bancorp by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners lifted its stake in shares of U.S. Bancorp by 0.6% in the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 22 shares during the period. D. Scott Neal Inc. lifted its stake in shares of U.S. Bancorp by 0.5% in the 2nd quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 36 shares during the period. Budros Ruhlin & Roe Inc. lifted its stake in shares of U.S. Bancorp by 0.5% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 39 shares during the period. Finally, Green Square Capital LLC lifted its stake in shares of U.S. Bancorp by 0.4% in the 2nd quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 73.98% of the company’s stock.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

The Fly

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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