U.S. Bancorp’s (USB) “Hold” Rating Reiterated at Oppenheimer

U.S. Bancorp (NYSE:USB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer in a note issued to investors on Wednesday.

A number of other analysts have also commented on the company. Instinet lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Citigroup reiterated a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a report on Friday, October 6th. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $56.00 to $54.00 in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $56.22.

U.S. Bancorp (NYSE:USB) traded down $0.83 during mid-day trading on Wednesday, hitting $56.34. The stock had a trading volume of 9,313,362 shares, compared to its average volume of 6,802,633. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $57.69. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $93,500.00, a price-to-earnings ratio of 16.77, a PEG ratio of 1.93 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.10. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. research analysts expect that U.S. Bancorp will post 3.42 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in USB. Stelac Advisory Services LLC purchased a new position in U.S. Bancorp during the second quarter worth about $103,000. Horan Capital Advisors LLC. purchased a new position in U.S. Bancorp during the third quarter worth about $112,000. Phocas Financial Corp. purchased a new position in U.S. Bancorp during the second quarter worth about $109,000. Hemenway Trust Co LLC purchased a new position in U.S. Bancorp during the fourth quarter worth about $109,000. Finally, SRS Capital Advisors Inc. purchased a new position in U.S. Bancorp during the fourth quarter worth about $112,000. 73.98% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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