Caldwell Sutter Capital Inc. Buys 609 Shares of U.S. Bancorp (NYSE:USB)

Caldwell Sutter Capital Inc. grew its position in shares of U.S. Bancorp (NYSE:USB) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,137 shares of the financial services provider’s stock after purchasing an additional 609 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in U.S. Bancorp were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. acquired a new position in U.S. Bancorp during the 1st quarter worth approximately $30,000. LRI Investments LLC purchased a new stake in U.S. Bancorp in the 1st quarter worth about $31,000. Eagle Bay Advisors LLC raised its position in shares of U.S. Bancorp by 93.2% in the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 331 shares during the period. Crewe Advisors LLC bought a new stake in U.S. Bancorp during the 1st quarter valued at $39,000. Finally, Pineridge Advisors LLC purchased a new stake in U.S. Bancorp during the 4th quarter worth about $41,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Price Performance

USB stock traded down $0.05 during trading on Wednesday, hitting $43.69. The stock had a trading volume of 4,261,286 shares, compared to its average volume of 8,441,066. The stock has a market cap of $68.18 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company’s 50 day moving average price is $41.89 and its two-hundred day moving average price is $41.64.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.49%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Wall Street Analyst Weigh In

USB has been the topic of several recent research reports. Evercore ISI raised their price target on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Morgan Stanley increased their price objective on U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a research report on Thursday, June 27th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.23.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani acquired 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

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.