Oppenheimer Cuts U.S. Bancorp (NYSE:USB) Price Target to $71.00

U.S. Bancorp (NYSE:USB) had its price target reduced by Oppenheimer from $77.00 to $71.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other analysts have also issued reports on the company. UBS Group restated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods boosted their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Finally, Evercore lifted their price target on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.52.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $50.89 on Friday. The stock has a market cap of $78.99 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.93 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average price is $55.19 and its two-hundred day moving average price is $51.81. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s payout ratio is 45.02%.

Insider Buying and Selling

In related news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Paulson Wealth Management Inc. lifted its position in shares of U.S. Bancorp by 2.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 173 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 184 shares in the last quarter. Flputnam Investment Management Co. increased its stake in U.S. Bancorp by 1.4% during the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 186 shares in the last quarter. Genesis Private Wealth LLC raised its holdings in U.S. Bancorp by 2.3% in the 4th quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 187 shares during the last quarter. Finally, Richmond Investment Services LLC raised its stake in shares of U.S. Bancorp by 1.9% in the fourth quarter. Richmond Investment Services LLC now owns 10,107 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp News Summary

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Avvance point-of-sale expansion: U.S. Bancorp is extending Avvance loan terms (six- and seven-year options) and broadening distribution via the Skeps multi-lender network, which supports fee and loan growth and deepens merchant relationships — a growth catalyst for future revenue. How U.S. Bank’s Avvance Expansion At U.S. Bancorp (USB) Has Changed Its Investment Story
• Positive Sentiment: Operations leadership changes: The bank announced senior operations leadership moves, including hiring Clements as Senior EVP & Chief Operations Officer, which can improve execution, efficiency and risk controls — important for margins and operational stability. Clements to Join U.S. Bancorp as Senior EVP & Chief Operations Officer
• Positive Sentiment: Dividend/income appeal: Recent pieces (Zacks/Yahoo) highlight USB’s ~4% yield and dividend growth profile, reinforcing appeal to income investors and supporting a valuation floor amid rate and macro uncertainty. Are You Looking for a High-Growth Dividend Stock?
• Neutral Sentiment: Oppenheimer trims price target: Oppenheimer lowered its target to $71 from $77 but kept an Outperform rating — a sign the bank remains seen as a long-term outperformer even after modestly reduced expectations. Oppenheimer price-target update
• Negative Sentiment: Truist trims target despite Buy: Truist reiterated a Buy but cut its price target from $66 to $63, signaling slightly weaker near-term outlook assumptions (rates/macro) and removing some upside for investors. Truist Keeps Buy on U.S. Bancorp (USB) Despite Pressure from Rates and Macro Risks
• Negative Sentiment: Jefferies starts coverage at Hold ($55 PT): New coverage with a Hold and ~$55 target reduces incremental buy-side enthusiasm versus higher analyst targets, adding near-term selling pressure until catalysts reappear. Jefferies initiates coverage of US Bancorp (USB) with hold recommendation

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.