U.S. Bancorp (NYSE:USB) Rating Reiterated by Keefe, Bruyette & Woods

U.S. Bancorp (NYSE:USB)‘s stock had its “market perform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $45.00 price target on the financial services provider’s stock, down from their prior price target of $52.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 11.25% from the stock’s previous close.

A number of other research analysts also recently issued reports on USB. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Barclays raised their price target on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Oppenheimer decreased their price objective on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Finally, Evercore ISI lifted their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.68.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $40.45 on Thursday. The company has a market capitalization of $63.03 billion, a P/E ratio of 13.39, a PEG ratio of 2.04 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a 50 day moving average price of $42.32 and a two-hundred day moving average price of $39.78.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current year.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, 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. Company insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

Large investors have recently modified their holdings of the company. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of U.S. Bancorp during the 1st quarter worth $30,000. Finally, Naples Money Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

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.