Brokers Set Expectations for U.S. Bancorp’s FY2018 Earnings (USB)
U.S. Bancorp (NYSE:USB) – Equities research analysts at Jefferies Group issued their FY2018 EPS estimates for U.S. Bancorp in a research report issued on Friday. Jefferies Group analyst K. Usdin expects that the brokerage will post earnings per share of $3.80 for the year. Jefferies Group currently has a “Hold” rating and a $44.00 price target on the stock.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $5.45 billion for the quarter. U.S. Bancorp had a return on equity of 14.05% and a net margin of 26.56%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share.
Several other equities research analysts have also commented on USB. Nomura restated a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a report on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of U.S. Bancorp in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “hold” rating on shares of U.S. Bancorp in a report on Sunday, June 26th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.21.
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U.S. Bancorp (NYSE:USB) opened at 43.70 on Monday. The company’s 50 day moving average price is $43.33 and its 200-day moving average price is $42.04. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82. U.S. Bancorp has a 12-month low of $37.07 and a 12-month high of $44.58.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 2.56%. U.S. Bancorp’s payout ratio is 35.00%.
In related news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of U.S. Bancorp stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the completion of the sale, the insider now owns 178,422 shares of the company’s stock, valued at $7,493,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig E. Gifford sold 2,500 shares of U.S. Bancorp stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $41.87, for a total value of $104,675.00. Following the sale, the executive vice president now directly owns 49,881 shares of the company’s stock, valued at approximately $2,088,517.47. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Catawba Capital Management VA raised its stake in U.S. Bancorp by 60.8% in the third quarter. Catawba Capital Management VA now owns 15,875 shares of the financial services provider’s stock valued at $681,000 after buying an additional 6,000 shares in the last quarter. First Mercantile Trust Co. raised its stake in U.S. Bancorp by 1.1% in the third quarter. First Mercantile Trust Co. now owns 106,424 shares of the financial services provider’s stock valued at $4,564,000 after buying an additional 1,169 shares in the last quarter. VNBTrust National Association acquired a new stake in U.S. Bancorp during the third quarter valued at about $210,000. Curbstone Financial Management Corp raised its stake in U.S. Bancorp by 4.7% in the third quarter. Curbstone Financial Management Corp now owns 42,000 shares of the financial services provider’s stock valued at $1,801,000 after buying an additional 1,900 shares in the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in U.S. Bancorp by 2.4% in the third quarter. Cardinal Capital Management Inc. now owns 281,050 shares of the financial services provider’s stock valued at $12,054,000 after buying an additional 6,600 shares in the last quarter. 72.58% of the stock is owned by institutional investors.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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