U.S. Bancorp (NYSE:USB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

U.S. Bancorp (NYSE:USB) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $59.7857.

USB has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. TD Cowen increased their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Argus upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays increased their price target on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Truist Financial upped their target price on U.S. Bancorp from $58.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st.

U.S. Bancorp Trading Down 1.9%

Shares of U.S. Bancorp stock opened at $57.82 on Friday. The company has a 50-day moving average of $55.30 and a two-hundred day moving average of $50.23. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $89.87 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of USB. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $25,000. Guerra Advisors Inc purchased a new position in U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the 3rd quarter worth about $25,000. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth about $25,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp in the 3rd quarter valued at about $26,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.