Citizens Business Bank Acquires 68,666 Shares of U.S. Bancorp (NYSE:USB)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP lifted its holdings in shares of U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after acquiring an additional 210 shares during the last quarter. HCR Wealth Advisors lifted its stake in U.S. Bancorp by 1.1% in the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after acquiring an additional 211 shares during the last quarter. Covestor Ltd raised its stake in U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after buying an additional 214 shares in the last quarter. Priebe Wealth Holdings LLC boosted its holdings in U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after purchasing an additional 215 shares in the last quarter. Finally, Essex Savings Bank grew its position in shares of U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after buying an additional 216 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 4.6%

Shares of U.S. Bancorp stock traded up $1.92 during trading on Monday, hitting $43.94. 12,301,615 shares of the company were exchanged, compared to its average volume of 9,125,854. The firm has a market capitalization of $68.46 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The firm's fifty day moving average price is $40.71 and its 200 day moving average price is $46.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.55%. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a report on Thursday, April 3rd. DA Davidson dropped their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price target on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $50.48.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% 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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.