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

Key Points

• Analysts give U.S. Bancorp a consensus rating of Moderate Buy from 23 firms (14 buys, 7 holds, 1 sell, 1 strong buy) with an average 12‑month target of about $61.18.
• U.S. Bancorp beat Q1 estimates with EPS of $1.18 vs. $1.14 expected and revenue of $7.32B; analysts forecast ~$5.09 EPS for the current fiscal year and the stock trades at a P/E of ~11.8 (market cap ≈ $87.3B).
• The bank pays a quarterly dividend of $0.52 (annualized $2.08, yield ~3.7%, payout ratio ~43.6%), while insiders recently sold shares (notably 40,000 and 32,195 shares) and institutional investors own about 77.6% of the stock.

U.S. Bancorp (NYSE:USB - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-three research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $61.1750.

USB has been the topic of several analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Piper Sandler reaffirmed a "buy" rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Oppenheimer upped their price objective on U.S. Bancorp from $71.00 to $73.00 and gave the company an "outperform" rating in a research report on Friday, April 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of U.S. Bancorp in a research report on Monday, April 20th. Finally, Truist Financial lowered their price objective on U.S. Bancorp from $63.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, April 17th.

U.S. Bancorp Stock Performance

Shares of USB opened at $56.21 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The business's 50 day moving average price is $54.17 and its 200-day moving average price is $52.82. U.S. Bancorp has a 52 week low of $39.28 and a 52 week high of $61.19. The stock has a market cap of $87.25 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.01 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analysts' expectations of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp's dividend payout ratio is 43.61%.

Insider Activity at U.S. Bancorp

In related news, insider Jodi L. Richard sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company's stock, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark G. Runkel sold 32,195 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of hedge funds have recently added to or reduced their stakes in USB. Brighton Jones LLC raised its stake in U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC raised its stake in U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider's stock valued at $1,453,000 after buying an additional 714 shares during the last quarter. Intech Investment Management LLC raised its stake in U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider's stock valued at $1,658,000 after buying an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at $425,000. Finally, Nebula Research & Development LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at $701,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Bancorp

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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