U.S. Bancorp Short Interest Down 17.9% in April (USB)
Shares of U.S. Bancorp (NYSE:USB) were the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 19,727,483 shares, a decrease of 17.9% from the March 31st total of 24,041,106 shares, American Banking News reports. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,514,363 shares, the days-to-cover ratio is presently 2.3 days.
In other U.S. Bancorp news, Chairman Gillern Jeffry H. Von sold 42,043 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $40.46, for a total transaction of $1,701,059.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on USB. Analysts at Guggenheim cut their price target on shares of U.S. Bancorp from $45.00 to $43.00 in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Tuesday, April 29th. They now have a $42.50 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, April 17th. They now have a $42.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.09.
U.S. Bancorp (NYSE:USB) opened at 40.33 on Friday. U.S. Bancorp has a 52-week low of $33.26 and a 52-week high of $43.66. The stock has a 50-day moving average of $41.44 and a 200-day moving average of $40.24. The company has a market cap of $73.441 billion and a P/E ratio of 13.49.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.11 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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