U.S. Bancorp Sees Unusually High Options Volume (USB)
U.S. Bancorp (NYSE:USB) was the recipient of unusually large options trading on Tuesday. Traders bought 11,451 put options on the company. This is an increase of 249% compared to the typical volume of 3,284 put options.
USB has been the subject of several research analyst reports. BidaskClub lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, July 20th. Robert W. Baird reissued a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research note on Tuesday. Finally, Jefferies Group LLC reissued a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $52.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp during the 2nd quarter valued at about $103,000. Phocas Financial Corp. bought a new position in shares of U.S. Bancorp during the 2nd quarter valued at about $109,000. SRS Capital Advisors Inc. boosted its holdings in shares of U.S. Bancorp by 17.0% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 371 shares during the last quarter. Orrstown Financial Services Inc. boosted its holdings in shares of U.S. Bancorp by 30.4% during the 2nd quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 681 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of U.S. Bancorp during the 1st quarter valued at about $155,000. 74.21% of the stock is owned by institutional investors and hedge funds.
Shares of U.S. Bancorp (NYSE USB) opened at 49.86 on Friday. The firm’s 50-day moving average price is $52.21 and its 200-day moving average price is $52.31. The stock has a market cap of $83.40 billion, a P/E ratio of 15.06 and a beta of 0.87. U.S. Bancorp has a 52-week low of $42.17 and a 52-week high of $56.61.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue was up .7% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post $3.44 EPS for the current year.
U.S. Bancorp declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
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U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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