U.S. Bancorp (USB) Declares Quarterly Dividend of $0.23
U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, September 17th, Stock Ratings Network reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.23 per share on Tuesday, October 15th. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%.
A number of research firms have recently commented on USB. Analysts at TheStreet reiterated a “positive” rating on shares of U.S. Bancorp (NYSE:USB) in a research note to investors on Tuesday. On a related note, analysts at Credit Suisse raised their price target on shares of U.S. Bancorp (NYSE:USB) from $38.00 to $40.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of U.S. Bancorp (NYSE:USB) from $39.00 to $40.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.78.
Shares of U.S. Bancorp (NYSE:USB) traded down 0.35% during mid-day trading on Tuesday, hitting $37.38. The stock had a trading volume of 3,139,838 shares. U.S. Bancorp has a 52 week low of $30.96 and a 52 week high of $37.97. The stock has a 50-day moving average of $36.94 and a 200-day moving average of $35.30. The company has a market cap of $68.752 billion and a price-to-earnings ratio of 12.72.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter last year, the company posted $0.71 earnings per share. U.S. Bancorp’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that U.S. Bancorp will post $3.02 earnings per share for the current fiscal year.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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