Evercore ISI Issues Positive Forecast for U.S. Bancorp (NYSE:USB) Stock Price

U.S. Bancorp (NYSE:USB - Free Report) had its price target increased by Evercore ISI from $44.00 to $49.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an in-line rating on the financial services provider's stock.

Other equities analysts also recently issued research reports about the company. Morgan Stanley dropped their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Thursday, April 3rd. Finally, Oppenheimer upped their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $50.67.

U.S. Bancorp Trading Up 2.5%

USB stock traded up $1.08 during midday trading on Wednesday, reaching $44.76. 7,647,666 shares of the company traded hands, compared to its average volume of 9,074,275. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a market capitalization of $69.74 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business has a 50 day moving average of $41.15 and a 200-day moving average of $45.36.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the prior year, the company posted $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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Insider Activity

In other news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On U.S. Bancorp

Hedge funds have recently modified their holdings of the business. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $26,000. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp in the 1st quarter worth $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp during the 1st quarter worth $27,000. FPC Investment Advisory Inc. acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at about $28,000. Finally, YANKCOM Partnership grew its holdings in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.