U.S. Bancorp (NYSE:USB – Get Rating) – Analysts at Oppenheimer decreased their Q2 2022 earnings per share estimates for shares of U.S. Bancorp in a research report issued on Friday, July 1st. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $1.02 per share for the quarter, down from their prior forecast of $1.11. The consensus estimate for U.S. Bancorp’s current full-year earnings is $4.45 per share. Oppenheimer also issued estimates for U.S. Bancorp’s FY2023 earnings at $5.41 EPS.
USB has been the topic of several other research reports. Royal Bank of Canada reduced their price objective on U.S. Bancorp from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday. Wolfe Research reduced their price objective on U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, May 26th. StockNews.com began coverage on U.S. Bancorp in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley reduced their price objective on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, March 28th. Finally, UBS Group downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $56.00 in a research note on Friday, April 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $62.14.
NYSE:USB opened at $46.59 on Monday. The stock’s fifty day moving average price is $49.11 and its two-hundred day moving average price is $53.90. U.S. Bancorp has a 52-week low of $44.79 and a 52-week high of $63.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.75. The company has a market cap of $69.22 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.61 and a beta of 1.00.
U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the prior year, the company earned $1.45 EPS. U.S. Bancorp’s revenue for the quarter was up 2.3% on a year-over-year basis.
Institutional investors have recently modified their holdings of the stock. Delos Wealth Advisors LLC bought a new position in U.S. Bancorp during the 4th quarter worth about $29,000. Advocacy Wealth Management Services LLC increased its holdings in U.S. Bancorp by 72.3% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 572 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Westside Investment Management Inc. increased its holdings in U.S. Bancorp by 45.6% during the 1st quarter. Westside Investment Management Inc. now owns 648 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 203 shares in the last quarter. Atticus Wealth Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth about $36,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in U.S. Bancorp during the 4th quarter worth about $36,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, June 29th. U.S. Bancorp’s payout ratio is presently 39.66%.
U.S. Bancorp Company Profile (Get Rating)
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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