Oppenheimer Has Lowered Expectations for U.S. Bancorp (NYSE:USB) Stock Price

Key Points

• Oppenheimer has decreased its target price for U.S. Bancorp from $67.00 to $66.00, maintaining an "outperform" rating which suggests a potential upside of 33.7% from the current stock price.
• Market consensus shows a rating of "Moderate Buy" for U.S. Bancorp, with an average price target set at $52.83 after various analysts provided differing evaluations.
• U.S. Bancorp reported earnings exceeding expectations, with $1.11 earnings per share for the last quarter, indicating a slight revenue increase of 2% year-over-year despite a slight revenue miss compared to projections.

U.S. Bancorp (NYSE:USB - Get Free Report) had its target price lowered by equities research analysts at Oppenheimer from $67.00 to $66.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Oppenheimer's price target would suggest a potential upside of 33.70% from the stock's current price.

USB has been the topic of several other research reports. Truist Financial boosted their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Citigroup boosted their price objective on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $52.83.

U.S. Bancorp Trading Down 0.3%

NYSE USB traded down $0.13 on Tuesday, reaching $49.36. The company had a trading volume of 2,838,966 shares, compared to its average volume of 10,500,871. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market cap of $76.82 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.58 and a beta of 1.05. The stock's 50 day moving average is $47.11 and its 200-day moving average is $44.16.

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

Insider Transactions at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after buying an additional 36,863 shares during the last quarter. Toronto Dominion Bank boosted its position in U.S. Bancorp by 59.1% in the fourth quarter. Toronto Dominion Bank now owns 834,610 shares of the financial services provider's stock worth $39,919,000 after purchasing an additional 310,031 shares during the last quarter. Mackenzie Financial Corp grew its stake in U.S. Bancorp by 26.5% in the 4th quarter. Mackenzie Financial Corp now owns 187,393 shares of the financial services provider's stock valued at $8,963,000 after purchasing an additional 39,284 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $84,000. Finally, REAP Financial Group LLC raised its stake in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after purchasing an additional 297 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

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.

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