Intrust Bank NA Has $526,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Intrust Bank NA grew its holdings in U.S. Bancorp (NYSE:USB – Get Rating) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,066 shares of the financial services provider’s stock after acquiring an additional 2,137 shares during the quarter. Intrust Bank NA’s holdings in U.S. Bancorp were worth $526,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Exos TFP Holdings LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $105,000. AXQ Capital LP acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $705,000. StoneX Group Inc. boosted its position in shares of U.S. Bancorp by 16.7% during the fourth quarter. StoneX Group Inc. now owns 20,721 shares of the financial services provider’s stock worth $914,000 after buying an additional 2,968 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of U.S. Bancorp by 47.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 190,344 shares of the financial services provider’s stock worth $8,301,000 after buying an additional 60,858 shares during the period. Finally, Marble Harbor Investment Counsel LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $212,000. 71.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider James B. Kelligrew acquired 16,260 shares of the stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $30.59 per share, for a total transaction of $497,393.40. Following the purchase, the insider now directly owns 151,927 shares in the company, valued at $4,647,446.93. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other U.S. Bancorp news, Director Alan B. Colberg purchased 10,000 shares of the firm’s stock in a transaction dated Friday, April 21st. The shares were bought at an average price of $34.14 per share, for a total transaction of $341,400.00. Following the purchase, the director now owns 10,050 shares in the company, valued at approximately $343,107. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James B. Kelligrew purchased 16,260 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $30.59 per share, for a total transaction of $497,393.40. Following the purchase, the insider now owns 151,927 shares in the company, valued at approximately $4,647,446.93. The disclosure for this purchase can be found here. Insiders have purchased a total of 76,698 shares of company stock worth $2,446,082 in the last 90 days. Company insiders own 0.24% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $30.50 on Friday. The firm has a market cap of $46.75 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $53.37. The business’s 50 day moving average is $33.06 and its 200-day moving average is $41.05.

U.S. Bancorp (NYSE:USB – Get Rating) last announced its earnings results on Wednesday, April 19th. The financial services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The firm had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.14 billion. U.S. Bancorp had a return on equity of 16.70% and a net margin of 19.21%. U.S. Bancorp’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts predict that U.S. Bancorp will post 4.59 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, March 30th. This represents a $1.92 dividend on an annualized basis and a yield of 6.30%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 51.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays reduced their price target on U.S. Bancorp from $68.00 to $52.00 in a research report on Wednesday, April 12th. Piper Sandler reduced their price target on U.S. Bancorp from $57.00 to $53.00 in a research report on Friday, March 10th. Oppenheimer increased their price target on U.S. Bancorp from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. Finally, UBS Group cut U.S. Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.35.

U.S. Bancorp Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.