First Hawaiian Bank Has $1.03 Million Position in U.S. Bancorp (NYSE:USB)

First Hawaiian Bank cut its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,429 shares of the financial services provider's stock after selling 12,932 shares during the quarter. First Hawaiian Bank's holdings in U.S. Bancorp were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP lifted its stake in U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after buying an additional 210 shares in the last quarter. Covestor Ltd increased its holdings in shares of U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 214 shares during the period. Strategic Blueprint LLC increased its holdings in shares of U.S. Bancorp by 5.2% in the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 226 shares during the period. Tritonpoint Wealth LLC increased its holdings in shares of U.S. Bancorp by 4.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 4,891 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 230 shares during the period. Finally, TrinityPoint Wealth LLC increased its holdings in shares of U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB stock traded down $0.33 during midday trading on Wednesday, hitting $44.05. The stock had a trading volume of 3,077,903 shares, compared to its average volume of 9,079,813. The firm has a market capitalization of $68.63 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a 50-day simple moving average of $41.03 and a 200 day simple moving average of $45.50. The company has a current ratio of 0.81, 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period last year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed 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 was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.54%. U.S. Bancorp's payout ratio is presently 49.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on USB shares. Citigroup dropped their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Royal Bank of Canada dropped their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Barclays dropped their target price 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. Finally, Keefe, Bruyette & Woods dropped their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.89.

Insider Activity at U.S. Bancorp

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

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.