Insider Selling: Terrance R. Dolan Sells 202,720 Shares of U.S. Bancorp Stock (USB)
U.S. Bancorp (NYSE:USB) Chairman Terrance R. Dolan unloaded 202,720 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.36, for a total value of $8,181,779.20. Following the sale, the chairman now directly owns 43,790 shares in the company, valued at approximately $1,767,364. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
U.S. Bancorp (NYSE:USB) traded up 1.14% during mid-day trading on Monday, hitting $40.80. 6,848,026 shares of the company’s stock traded hands. U.S. Bancorp has a 1-year low of $31.99 and a 1-year high of $41.86. The stock has a 50-day moving average of $40.45 and a 200-day moving average of $38.49. The company has a market cap of $74.460 billion and a P/E ratio of 13.45.
U.S. Bancorp (NYSE:USB) last released its earnings data on Wednesday, January 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts expect that U.S. Bancorp will post $3.17 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.91.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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