U.S. Bancorp (NYSE:USB) Price Target Raised to $50.00 at Truist Financial

U.S. Bancorp (NYSE:USB - Free Report) had its target price lifted by Truist Financial from $48.00 to $50.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a hold rating on the financial services provider's stock.

USB has been the subject of a number of other reports. Piper Sandler dropped their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Raymond James Financial raised 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 report on Monday. Royal Bank Of Canada reduced their price objective on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays dropped their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $51.70.

U.S. Bancorp Price Performance

USB stock traded down $0.38 during mid-day trading on Wednesday, hitting $47.28. The company had a trading volume of 9,179,419 shares, compared to its average volume of 9,403,811. The company has a 50-day moving average price of $44.00 and a 200 day moving average price of $44.38. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a market capitalization of $73.66 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period in the previous year, the business earned $0.78 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. U.S. Bancorp's payout ratio is currently 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp in the 1st quarter worth $26,000. Westend Capital Management LLC acquired a new stake in U.S. Bancorp in the 1st quarter worth approximately $27,000. YANKCOM Partnership boosted its stake in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new position in U.S. Bancorp during the 1st quarter valued at approximately $30,000. Institutional investors own 77.60% 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.