U.S. Bancorp (NYSE:USB) Position Increased by Thomasville National Bank

Thomasville National Bank lifted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 682,144 shares of the financial services provider's stock after acquiring an additional 19,916 shares during the period. U.S. Bancorp accounts for approximately 2.1% of Thomasville National Bank's portfolio, making the stock its 13th biggest holding. Thomasville National Bank's holdings in U.S. Bancorp were worth $28,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $30,000. Picton Mahoney Asset Management purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $30,000. Finally, Millstone Evans Group LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $1.23 during trading hours on Friday, reaching $42.93. The stock had a trading volume of 9,466,826 shares, compared to its average volume of 9,054,223. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a 50-day simple moving average of $41.61 and a 200-day simple moving average of $45.20. The firm has a market capitalization of $66.88 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.78 earnings per share. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on USB. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday. DA Davidson decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Royal Bank of Canada reduced their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Morgan Stanley decreased their target price on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus price target of $50.72.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.23% of the company's stock.

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.