U.S. Bancorp (NYSE:USB – Get Rating) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $58.47.
A number of brokerages have recently weighed in on USB. Bank of America increased their price objective on U.S. Bancorp from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, April 18th. Credit Suisse Group cut their price objective on U.S. Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, July 19th. Piper Sandler set a $50.00 price objective on U.S. Bancorp in a report on Tuesday, July 19th. Jefferies Financial Group cut their price objective on U.S. Bancorp from $52.00 to $45.00 in a report on Monday, July 11th. Finally, Royal Bank of Canada cut 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, July 1st.
U.S. Bancorp Price Performance
NYSE USB opened at $47.71 on Friday. The firm’s 50-day simple moving average is $48.25 and its two-hundred day simple moving average is $52.88. U.S. Bancorp has a 52 week low of $43.74 and a 52 week high of $63.57. The company has a market cap of $70.88 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.70.
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U.S. Bancorp (NYSE:USB – Get Rating) last announced its earnings results on Friday, July 15th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. U.S. Bancorp had a return on equity of 15.05% and a net margin of 28.08%. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 4.4 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.86%. U.S. Bancorp’s dividend payout ratio is currently 42.30%.
Hedge Funds Weigh In On U.S. Bancorp
Hedge funds have recently bought and sold shares of the business. Loveless Wealth Management LLC lifted its position in shares of U.S. Bancorp by 2.0% in the second quarter. Loveless Wealth Management LLC now owns 10,770 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 215 shares in the last quarter. PrairieView Partners LLC lifted its position in shares of U.S. Bancorp by 76.5% in the second quarter. PrairieView Partners LLC now owns 7,288 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 3,159 shares in the last quarter. First Hawaiian Bank lifted its position in shares of U.S. Bancorp by 7.3% in the second quarter. First Hawaiian Bank now owns 32,176 shares of the financial services provider’s stock valued at $1,481,000 after acquiring an additional 2,176 shares in the last quarter. Charles Schwab Trust Co lifted its position in shares of U.S. Bancorp by 2.8% in the second quarter. Charles Schwab Trust Co now owns 9,927 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 269 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of U.S. Bancorp by 7.5% in the second quarter. First Bank & Trust now owns 21,483 shares of the financial services provider’s stock valued at $989,000 after acquiring an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 74.92% 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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
See Also
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Source: marketbeat.com
