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

Key Points

• U.S. Bancorp has an average rating of "Moderate Buy" from 21 analysts, with target prices averaging around $52.55.
• The company recently reported $1.11 EPS for the quarter, surpassing estimates, and announced a quarterly dividend of $0.50 per share.
• Insider activity shows EVP Souheil Badran sold 23,727 shares, reducing his holdings by 25.22%, as institutional investors own 77.60% of the company's stock.

U.S. Bancorp (NYSE:USB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-one analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $52.5476.

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Citigroup upped their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $51.00 to $57.00 in a report on Monday, July 7th. Truist Financial boosted their price target on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Finally, Evercore ISI raised their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th.

U.S. Bancorp Price Performance

Shares of USB traded up $2.0710 during trading hours on Friday, hitting $48.2410. 12,678,587 shares of the company were exchanged, compared to its average volume of 7,768,210. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a market cap of $75.07 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.51 and a beta of 1.01. The firm's fifty day moving average is $45.70 and its 200 day moving average is $43.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio is 47.85%.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The shares were 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 owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in USB. IMG Wealth Management Inc. bought a new position in shares of U.S. Bancorp in the second quarter worth about $25,000. Saudi Central Bank bought a new position in shares of U.S. Bancorp in the first quarter worth about $26,000. Westend Capital Management LLC bought a new position in U.S. Bancorp in the 1st quarter valued at approximately $27,000. Hillsdale Investment Management Inc. bought a new position in U.S. Bancorp in the 2nd quarter valued at approximately $27,000. Finally, YANKCOM Partnership raised its holdings 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 buying an additional 260 shares during the last quarter. 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.