Truist Financial Issues Positive Forecast for U.S. Bancorp (NYSE:USB) Stock Price

Key Points

• Truist Financial has raised its price target for U.S. Bancorp's stock from $49.00 to $51.00, indicating a potential upside of 2.90% from the previous close, while maintaining a "hold" rating.
• Multiple analysts have given U.S. Bancorp a consensus rating of "Moderate Buy" with a price target averaging $52.60, reflecting strong interest and confidence in the stock.
• U.S. Bancorp reported quarterly earnings of $1.11 EPS, exceeding analyst expectations, while revenue grew by 2.0% year-over-year to reach $7.06 billion.

U.S. Bancorp (NYSE:USB - Get Free Report) had its target price lifted by analysts at Truist Financial from $49.00 to $51.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the financial services provider's stock. Truist Financial's price objective points to a potential upside of 2.90% from the stock's previous close.

A number of other analysts have also weighed in on USB. Citigroup raised their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. DA Davidson upped their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

U.S. Bancorp Price Performance

Shares of NYSE USB traded up $1.18 during midday trading on Wednesday, reaching $49.57. The company's stock had a trading volume of 1,825,985 shares, compared to its average volume of 10,429,941. The company has a market cap of $77.13 billion, a P/E ratio of 11.86, a P/E/G ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The business's 50 day moving average price is $46.89 and its two-hundred day moving average price is $44.03. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion for 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Milestones Private Investment Advisors LLC purchased a new stake in U.S. Bancorp during the second quarter valued at about $642,000. Silicon Valley Capital Partners boosted its position in U.S. Bancorp by 0.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 274,849 shares of the financial services provider's stock valued at $12,437,000 after buying an additional 1,548 shares during the period. Osaic Holdings Inc. grew its stake in shares of U.S. Bancorp by 24.7% in the second quarter. Osaic Holdings Inc. now owns 516,002 shares of the financial services provider's stock worth $23,107,000 after purchasing an additional 102,363 shares during the last quarter. Total Investment Management Inc. bought a new position in shares of U.S. Bancorp during the second quarter valued at approximately $42,000. Finally, Orion Porfolio Solutions LLC increased its position in shares of U.S. Bancorp by 2.0% during the second quarter. Orion Porfolio Solutions LLC now owns 79,871 shares of the financial services provider's stock valued at $3,614,000 after buying an additional 1,585 shares during the period. 77.60% of the stock is currently owned by institutional investors.

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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