U.S. Bancorp Director Sells $393,899 in Stock (USB)
U.S. Bancorp (NYSE:USB) Director Craig Schnuck unloaded 10,325 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $38.15, for a total value of $393,898.75. Following the sale, the director now directly owns 12,057 shares of the company’s stock, valued at approximately $459,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
U.S. Bancorp (NYSE:USB) traded down 0.24% during mid-day trading on Wednesday, hitting $37.98. The stock had a trading volume of 6,538,680 shares. U.S. Bancorp has a 52 week low of $30.96 and a 52 week high of $37.97. The stock’s 50-day moving average is $36.94 and its 200-day moving average is $35.27. The company has a market cap of $69.579 billion and a price-to-earnings ratio of 12.82.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts expect that U.S. Bancorp will post $3.02 EPS for the current fiscal year.
A number of research firms have recently commented on USB. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note to investors on Thursday, October 17th. They now have a $39.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of U.S. Bancorp from $38.00 to $39.00 in a research note to investors on Thursday, October 17th. They now have a “market perform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of U.S. Bancorp from $36.00 to $37.00 in a research note to investors on Thursday, October 17th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $38.58.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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