Headlines about U.S. Bancorp (NYSE:USB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. U.S. Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4028424117613 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- U.S. Bank Partners with Plug and Play to Increase Innovation in Cybersecurity (bizjournals.com)
- U.S. Bancorp (USB) Earns Buy Rating from Vining Sparks (americanbankingnews.com)
- Jefferies Group Research Analysts Raise Earnings Estimates for U.S. Bancorp (USB) (americanbankingnews.com)
- Keefe, Bruyette & Woods Reiterates Hold Rating for U.S. Bancorp (USB) (americanbankingnews.com)
- Elavon to expand Atlanta HQ, create 180 jobs (finance.yahoo.com)
Several analysts have recently commented on USB shares. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $63.00 in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, January 17th. Jefferies Group reaffirmed a “buy” rating and issued a $63.00 target price on shares of U.S. Bancorp in a research report on Monday, January 8th. Piper Jaffray raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a research report on Friday, January 5th. Finally, UBS cut U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.38.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. sell-side analysts forecast that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. U.S. Bancorp’s payout ratio is 35.09%.
In related news, EVP Craig E. Gifford sold 45,890 shares of U.S. Bancorp stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total transaction of $2,540,011.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman P.W. Parker sold 98,485 shares of U.S. Bancorp stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,016 shares of company stock valued at $9,356,775. Insiders own 0.43% of the company’s stock.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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