Community Bank N.A. Reduces Holdings in U.S. Bancorp (NYSE:USB)

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

A number of other hedge funds have also recently bought and sold shares of the company. FIL Ltd grew its holdings in U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after purchasing an additional 8,542 shares during the period. Wesbanco Bank Inc. grew its stake in U.S. Bancorp by 31.6% during the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after buying an additional 78,146 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. M&T Bank Corp lifted its position in U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after purchasing an additional 312,504 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after purchasing an additional 38,802 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $42.68 on Wednesday. The company has a 50 day moving average of $41.95 and a 200-day moving average of $44.92. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a market cap of $66.49 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.62 and a beta of 0.99. 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 posted its quarterly earnings data 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 net margin of 15.70% and a return on equity of 13.02%. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the company posted $0.78 EPS. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Citigroup lowered their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Finally, Piper Sandler reduced their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.72.

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.

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