First Bank & Trust Buys 40,208 Shares of U.S. Bancorp $USB

Key Points

• First Bank & Trust increased its U.S. Bancorp stake by 43% in the third quarter, adding 40,208 shares to own 133,794 shares valued at approximately $7.7 million. Institutional investors collectively own 77.6% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $68.43; several firms recently raised targets to $73–$75.
• U.S. Bancorp reported third-quarter EPS of $1.34, beating estimates, and raised its outlook, while increasing its quarterly dividend to $0.54 per share. However, higher credit-loss provisions and rising card delinquencies remain potential risks.

First Bank & Trust grew its stake in U.S. Bancorp (NYSE:USB - Free Report) by 43.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,794 shares of the financial services provider's stock after buying an additional 40,208 shares during the period. U.S. Bancorp makes up about 1.1% of First Bank & Trust's holdings, making the stock its 17th biggest holding. First Bank & Trust's holdings in U.S. Bancorp were worth $7,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in U.S. Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider's stock worth $539,232,000 after buying an additional 93,025 shares during the last quarter. Mufg Bank LTD. purchased a new position in shares of U.S. Bancorp during the second quarter worth approximately $2,680,199,000. SG Americas Securities LLC lifted its holdings in shares of U.S. Bancorp by 51.4% in the 1st quarter. SG Americas Securities LLC now owns 6,559,944 shares of the financial services provider's stock worth $341,183,000 after acquiring an additional 2,227,285 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of U.S. Bancorp in the 1st quarter worth approximately $4,768,000. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of U.S. Bancorp by 57.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider's stock valued at $4,798,000 after purchasing an additional 33,517 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group upgraded shares of U.S. Bancorp from a "hold" rating to a "buy" rating and lifted their target price for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. BTIG Research set a $67.50 price target on shares of U.S. Bancorp in a research report on Monday, July 20th. DA Davidson reaffirmed a "buy" rating and set a $73.00 price objective on shares of U.S. Bancorp in a research note on Friday. The Goldman Sachs Group reiterated a "neutral" rating on shares of U.S. Bancorp in a report on Thursday. Finally, Barclays boosted their target price on U.S. Bancorp from $67.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $68.43.

Key Headlines Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q3 earnings beat expectations: U.S. Bancorp reported diluted EPS of $1.34, up from $1.22 a year earlier and above the $1.32 consensus estimate. Net income increased 10% to approximately $2.2 billion, supported by higher net interest income, loan growth and fee revenue. U.S. Bancorp Surpasses Q3 Earnings Estimates
• Positive Sentiment: Growth outlook improved: Management raised its full-year 2026 revenue outlook to $31.0 billion-$31.3 billion. Average loans rose 8% year over year, deposits increased 2.9%, and noninterest income climbed 13.1%, including a 69.3% increase in capital-markets revenue. U.S. Bancorp Lifts Full-Year Outlook After Record Quarter
• Positive Sentiment: Analysts remain constructive: D.A. Davidson maintained a Buy rating and a $73 price target, citing expected 6% net-interest-income growth in 2026. Citigroup also kept a Buy rating, with a revised $70 target, implying substantial upside based on the referenced share price. Why Is U.S. Bancorp Stock Gaining Friday?
• Neutral Sentiment: Revenue was slightly below some estimates: Third-quarter revenue was approximately $7.97 billion, near but modestly below analyst expectations. Expense control helped offset the shortfall and supported the earnings beat. U.S. Bancorp Q3 Results
• Negative Sentiment: Credit costs are rising: The provision for credit losses increased to $654 million from $571 million a year earlier, while early-stage card delinquencies also rose. Investors may view this as a potential offset to loan and revenue growth. U.S. Bancorp Credit and Consumer Trends

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the sale, the chief executive officer owned 426,262 shares in the company, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company's stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $58.69 on Monday. The firm has a market cap of $91.44 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. U.S. Bancorp has a 12-month low of $45.02 and a 12-month high of $66.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company's fifty day simple moving average is $60.82 and its two-hundred day simple moving average is $59.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.32 by $0.02. The firm had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $8 billion. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 5.28 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.52. U.S. Bancorp's dividend payout ratio is currently 42.11%.

U.S. Bancorp Profile

U.S. Bancorp NYSE: USB is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company's consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.

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