Research Analysts’ Recent Ratings Updates for U.S. Bancorp (USB)

Several analysts have recently updated their ratings and price targets for U.S. Bancorp (NYSE: USB):

• 4/8/2024 – U.S. Bancorp had its price target raised by analysts at Jefferies Financial Group Inc. from $44.00 to $46.00. They now have a “hold” rating on the stock.
• 4/5/2024 – U.S. Bancorp had its price target raised by analysts at Keefe, Bruyette & Woods from $50.00 to $52.00. They now have an “outperform” rating on the stock.
• 3/28/2024 – U.S. Bancorp had its price target raised by analysts at Evercore ISI from $46.00 to $48.00. They now have an “in-line” rating on the stock.
• 3/28/2024 – U.S. Bancorp was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock, up previously from $47.00.
• 3/22/2024 – U.S. Bancorp was upgraded by analysts at Compass Point from a “neutral” rating to a “buy” rating. They now have a $49.00 price target on the stock, up previously from $46.00.
• 3/19/2024 – U.S. Bancorp had its price target lowered by analysts at Oppenheimer Holdings Inc. from $61.00 to $55.00. They now have an “outperform” rating on the stock.
• 2/20/2024 – U.S. Bancorp was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $42.03 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The stock has a market cap of $65.49 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 2.27 and a beta of 1.05. The business’s 50-day simple moving average is $42.26 and its 200 day simple moving average is $39.44.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.66%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 59.76%.

Insider Buying and Selling

In other news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,265 shares of company stock valued at $2,535,903. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Several hedge funds have recently bought and sold shares of USB. CGC Financial Services LLC bought a new position in U.S. Bancorp during the fourth quarter worth $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the fourth quarter worth $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp in the third quarter worth about $30,000. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.