Community Bank N.A. Cuts Position in U.S. Bancorp (NYSE:USB)

Community Bank N.A. lowered its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 21.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,030 shares of the financial services provider's stock after selling 7,782 shares during the quarter. Community Bank N.A.'s holdings in U.S. Bancorp were worth $1,226,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of U.S. Bancorp by 35.8% in the 4th quarter. Vontobel Holding Ltd. now owns 31,153 shares of the financial services provider's stock valued at $1,490,000 after purchasing an additional 8,214 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of U.S. Bancorp by 9.0% in the 4th quarter. Principal Securities Inc. now owns 61,719 shares of the financial services provider's stock valued at $2,952,000 after purchasing an additional 5,100 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of U.S. Bancorp by 36.8% in the 4th quarter. Allworth Financial LP now owns 78,621 shares of the financial services provider's stock valued at $3,823,000 after purchasing an additional 21,148 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $971,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insiders Place Their Bets

In related news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

USB has been the subject of a number of research reports. Morgan Stanley dropped their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Wall Street Zen cut shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Raymond James Financial reiterated an "outperform" rating and issued a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.72.

U.S. Bancorp Stock Up 0.2%

U.S. Bancorp stock traded up $0.07 during midday trading on Friday, reaching $43.34. The stock had a trading volume of 21,354,696 shares, compared to its average volume of 9,171,085. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a market capitalization of $67.53 billion, a P/E ratio of 10.73, a PEG ratio of 1.63 and a beta of 0.99. The company has a fifty day moving average price of $42.25 and a two-hundred day moving average price of $44.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio is currently 49.50%.

About U.S. Bancorp

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.