Citizens Business Bank Raises Stock Holdings in U.S. Bancorp (NYSE:USB)

Citizens Business Bank increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 314.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,530 shares of the financial services provider's stock after acquiring an additional 68,666 shares during the quarter. Citizens Business Bank's holdings in U.S. Bancorp were worth $4,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Winch Advisory Services LLC raised its position in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. FPC Investment Advisory Inc. acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Picton Mahoney Asset Management bought a new stake in U.S. Bancorp in the 4th quarter worth about $30,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Bank of America reduced their price objective on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group reduced their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Raymond James restated an "outperform" rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Finally, Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.48.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

USB traded up $0.34 during trading on Tuesday, reaching $44.35. 5,455,808 shares of the company were exchanged, compared to its average volume of 11,098,104. The company's 50-day moving average is $40.69 and its two-hundred day moving average is $46.09. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a market cap of $69.10 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the firm posted $0.78 EPS. Research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.51%. U.S. Bancorp's payout ratio is 49.50%.

U.S. Bancorp 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.