U.S. Bancorp (NYSE:USB) Receives Average Recommendation of “Hold” from Analysts

U.S. Bancorp (NYSE:USB) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $46.02.

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Evercore ISI boosted their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Barclays dropped their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Morgan Stanley boosted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th.

U.S. Bancorp Stock Up 1.1 %

Shares of USB stock opened at $41.42 on Friday. The stock has a 50 day moving average of $42.32 and a 200 day moving average of $40.35. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market cap of $64.53 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.13 and a beta of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data 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 business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, sell-side analysts expect that U.S. Bancorp will post 3.85 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

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

About U.S. Bancorp

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.