Wesbanco Bank Inc. Has $13.72 Million Holdings in U.S. Bancorp (NYSE:USB)

Wesbanco Bank Inc. increased its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 31.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,056 shares of the financial services provider's stock after acquiring an additional 78,146 shares during the quarter. Wesbanco Bank Inc.'s holdings in U.S. Bancorp were worth $13,724,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of USB. Capital Investment Advisors LLC boosted its stake in U.S. Bancorp by 10.1% in the first quarter. Capital Investment Advisors LLC now owns 7,871 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 722 shares during the last quarter. Meridian Financial Partners LLC lifted its stake in shares of U.S. Bancorp by 2.1% in the 1st quarter. Meridian Financial Partners LLC now owns 25,534 shares of the financial services provider's stock valued at $1,078,000 after purchasing an additional 530 shares during the period. Disciplined Equity Management Inc. boosted its position in shares of U.S. Bancorp by 1.8% in the 1st quarter. Disciplined Equity Management Inc. now owns 24,050 shares of the financial services provider's stock worth $1,015,000 after purchasing an additional 430 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of U.S. Bancorp by 4.3% during the first quarter. Park Avenue Securities LLC now owns 182,304 shares of the financial services provider's stock worth $7,697,000 after purchasing an additional 7,443 shares during the period. Finally, Professional Advisory Services Inc. grew its stake in shares of U.S. Bancorp by 9.5% during the first quarter. Professional Advisory Services Inc. now owns 436,557 shares of the financial services provider's stock worth $18,431,000 after purchasing an additional 37,988 shares during the period. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was acquired 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 of the company's stock, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USB shares. The Goldman Sachs Group raised their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday. DA Davidson reduced their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Truist Financial cut their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler decreased 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.72.

U.S. Bancorp Stock Down 0.1%

Shares of USB stock traded down $0.03 during trading on Thursday, reaching $44.17. The company's stock had a trading volume of 9,552,592 shares, compared to its average volume of 9,045,131. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business has a fifty day moving average price of $41.46 and a 200-day moving average price of $45.26. The company has a market cap of $68.82 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business earned $0.78 EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

About U.S. Bancorp

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.