Insider Selling: U.S. Bancorp Chairman Sells 12,000 Shares of Stock (USB)
U.S. Bancorp (NYSE:USB) Chairman Richard B. Payne, Jr. sold 12,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $41.34, for a total value of $496,080.00. Following the transaction, the chairman now directly owns 39,601 shares in the company, valued at approximately $1,637,105. The sale was disclosed in a document filed with the SEC, which is available at this link.
U.S. Bancorp (NYSE:USB) traded up 0.49% on Wednesday, hitting $41.36. 4,577,088 shares of the company’s stock traded hands. U.S. Bancorp has a one year low of $35.69 and a one year high of $43.92. The stock’s 50-day moving average is $42.49 and its 200-day moving average is $41.6. The company has a market cap of $74.528 billion and a price-to-earnings ratio of 13.63.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 16th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.10 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. They now have a $44.50 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. They now have a $48.00 price target on the stock, up previously from $45.00. Eighteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.83.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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