U.S. Bancorp $USB Shares Purchased by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. has increased its stake in U.S. Bancorp by 3.9%, now holding 337,801 shares valued at approximately $15.29 million.
• U.S. Bancorp reported a quarterly EPS of $1.11, exceeding analysts' expectations of $1.07, and has increased its dividend to $0.52 per share.
• Analysts have generally positive views on U.S. Bancorp, with a consensus rating of "Moderate Buy" and a target price of $52.55.

Wesbanco Bank Inc. increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 337,801 shares of the financial services provider's stock after purchasing an additional 12,745 shares during the quarter. Wesbanco Bank Inc.'s holdings in U.S. Bancorp were worth $15,286,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp during the first quarter worth $26,000. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $27,000. REAP Financial Group LLC lifted its holdings in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 297 shares during the period. YANKCOM Partnership lifted its holdings in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in U.S. Bancorp in the first quarter valued at $30,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson raised their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. The Goldman Sachs Group raised their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Citigroup raised their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $51.00 to $57.00 in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.55.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 0.4%

Shares of USB stock opened at $49.13 on Friday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market cap of $76.46 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.55 and a beta of 1.05. The business has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $44.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

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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