U.S. Bancorp (NYSE:USB) Given Average Rating of "Moderate Buy" by Analysts

Shares of U.S. Bancorp (NYSE:USB - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-two research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $51.30.

A number of brokerages have weighed in on USB. Morgan Stanley lowered their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Piper Sandler reduced their target price on 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. Keefe, Bruyette & Woods dropped their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Oppenheimer upped their price target 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. Finally, Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th.

Insiders Place Their Bets

In related news, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of U.S. Bancorp

A number of large investors have recently modified their holdings of USB. J.Safra Asset Management Corp acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Saudi Central Bank bought a new position in U.S. Bancorp in the 1st quarter worth approximately $26,000. Westend Capital Management LLC acquired a new stake in U.S. Bancorp in the 1st quarter valued at approximately $27,000. YANKCOM Partnership increased its position in U.S. Bancorp by 59.4% in the 1st 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, Picton Mahoney Asset Management bought a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Trading Up 2.1%

NYSE USB opened at $47.47 on Thursday. The stock has a market cap of $73.96 billion, a P/E ratio of 11.75, a PEG ratio of 1.75 and a beta of 0.99. The company's fifty day simple moving average is $43.39 and its 200-day simple moving average is $44.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same quarter in the previous year, the business posted $0.78 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.21%. U.S. Bancorp's payout ratio is currently 49.50%.

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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