U.S. Bancorp (NYSE:USB) Given New $70.00 Price Target at Citigroup

Key Points

• Citigroup lowered U.S. Bancorp’s price target to $70 from $72 while maintaining a “buy” rating, implying roughly 19% upside from the current price.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $67.19, despite mixed target revisions from other firms.
• U.S. Bancorp’s latest results exceeded expectations, with quarterly EPS of $1.34 versus the $1.32 consensus and revenue of approximately $8.04 billion; shares rose 2.3% to $58.69.

U.S. Bancorp (NYSE:USB - Get Free Report) had its target price lowered by investment analysts at Citigroup from $72.00 to $70.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Citigroup's target price indicates a potential upside of 19.28% from the company's current price.

Several other equities research analysts have also commented on USB. Stephens boosted their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, July 17th. JPMorgan Chase & Co. dropped their price target on U.S. Bancorp from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada lowered their target price on shares of U.S. Bancorp from $68.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Morgan Stanley set a $68.00 price objective on shares of U.S. Bancorp in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.19.

U.S. Bancorp Trading Up 2.3%

USB traded up $1.30 during trading hours on Friday, reaching $58.69. 8,194,292 shares of the company's stock traded hands, compared to its average volume of 9,222,152. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $60.92 and a 200 day moving average price of $59.01. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The firm has a market capitalization of $91.44 billion, a PE ratio of 11.70, a PEG ratio of 1.05 and a beta of 1.00.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.32 by $0.02. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $8 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 5.26 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the firm's stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the transaction, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gunjan Kedia sold 27,267 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the transaction, the chief executive officer owned 426,262 shares in the company, valued at $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On U.S. Bancorp

Hedge funds have recently modified their holdings of the company. Mufg Bank LTD. acquired a new stake in U.S. Bancorp during the second quarter worth $2,680,199,000. Auto Owners Insurance Co raised its holdings in shares of U.S. Bancorp by 5,236.0% in the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider's stock valued at $1,779,556,000 after buying an additional 32,725,000 shares during the period. Bank of America Corp DE grew its position in U.S. Bancorp by 6.9% in the 1st quarter. Bank of America Corp DE now owns 15,820,033 shares of the financial services provider's stock valued at $822,800,000 after acquiring an additional 1,022,898 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of U.S. Bancorp by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider's stock worth $539,232,000 after acquiring an additional 93,025 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in U.S. Bancorp in the second quarter valued at $536,457,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

More U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q3 earnings beat expectations: U.S. Bancorp reported diluted EPS of $1.34, up from $1.22 a year earlier and above the $1.32 analyst consensus. Net income rose 10% year over year to approximately $2.2 billion. U.S. Bancorp Reports Third Quarter 2026 Results
• Positive Sentiment: Broad-based operating momentum: Net interest income increased 5.8%, noninterest income rose 13.1%, and average loans grew 8%. Capital markets revenue surged 69.3%, while fee diversification and deposit growth supported the bank’s outlook. U.S. Bancorp Q3 Earnings Beat Estimates
• Positive Sentiment: Higher guidance and analyst support: Management raised its 2026 growth outlook, including revenue guidance of $31.0 billion to $31.3 billion. D.A. Davidson maintained a Buy rating and a $73 price target, forecasting 6% net interest income growth in 2026. Other analysts also revised targets following the results. Why Is U.S. Bancorp Stock Gaining Friday?
• Neutral Sentiment: Strategic investment: U.S. Bank plans to spend about $300 million annually on branch improvements after its current renovation effort winds down. The investment could strengthen its retail franchise but may limit near-term expense leverage. U.S. Bank to Boost Branch Spending
• Negative Sentiment: Revenue and credit-quality concerns: Quarterly revenue of roughly $7.97 billion slightly missed forecasts. Provision for credit losses increased to $654 million from $571 million, and early-stage card delinquencies rose as card balances grew. Higher expenses also remain a consideration for investors.

U.S. Bancorp Company Profile

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.

Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.

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