U.S. Bancorp (NYSE: USB) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – U.S. Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of U.S. Bancorp underperformed the industry year to date. However, the company boasts an impressive earnings surprise history. The company has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. We believe the company’s prospects will likely get support from its solid business model, core franchise and diverse revenue streams. However, escalating expenses and litigations remain key concerns. Also, stretched valuation indicates limited upside potential. Further, the company’s capital deployment activities do not seem sustainable.”
  • 10/2/2017 – U.S. Bancorp was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $54.00 price target on the stock, down previously from $56.00.
  • 9/28/2017 – U.S. Bancorp was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating. They now have a $55.00 price target on the stock, down previously from $57.00.
  • 9/28/2017 – U.S. Bancorp was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating. They now have a $55.00 price target on the stock, down previously from $57.00.
  • 9/5/2017 – U.S. Bancorp had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $48.00 price target on the stock.
  • 8/24/2017 – U.S. Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/11/2017 – U.S. Bancorp had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock.
  • 8/9/2017 – U.S. Bancorp is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $56.00 price target on the stock.

U.S. Bancorp (USB) opened at 53.47 on Wednesday. U.S. Bancorp has a 12-month low of $42.37 and a 12-month high of $56.61. The stock has a market capitalization of $89.44 billion, a price-to-earnings ratio of 16.15 and a beta of 0.87. The company has a 50 day moving average of $52.23 and a 200-day moving average of $51.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, equities research analysts forecast that U.S. Bancorp will post $3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.24%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, September 28th. U.S. Bancorp’s payout ratio is presently 36.04%.

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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