U.S. Bancorp (NYSE:USB) Receives Average Recommendation of "Moderate Buy" from Analysts

U.S. Bancorp (NYSE:USB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $50.72.

Several research analysts have issued reports on USB shares. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial dropped their target price on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley cut their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Piper Sandler decreased their price objective 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.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors have recently added to or reduced their stakes in USB. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $26,000. Saudi Central Bank purchased a new stake in U.S. Bancorp in the first quarter valued at $26,000. Westend Capital Management LLC purchased a new stake in U.S. Bancorp in the first quarter valued at $27,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp in the fourth quarter valued at $28,000. Finally, YANKCOM Partnership raised its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded down $1.03 during trading on Friday, hitting $44.21. 13,017,675 shares of the company's stock traded hands, compared to its average volume of 9,043,105. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The stock has a market capitalization of $68.87 billion, a P/E ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.99. The business has a 50-day simple moving average of $41.46 and a 200-day simple moving average of $45.26.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period last year, the firm posted $0.78 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

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.