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

Key Points

• U.S. Bancorp has received a consensus rating of "Moderate Buy" from 21 analysts, with an average 12-month price target of $52.55.
• The company recently increased its quarterly dividend from $0.50 to $0.52, resulting in an annualized dividend yield of 4.2%.
• U.S. Bancorp reported $1.11 EPS for the last quarter, exceeding analysts' expectations of $1.07 and showing a year-over-year revenue growth of 2.0%.

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

A number of brokerages have recently issued reports on USB. Oppenheimer upped their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. DA Davidson upped their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Evercore ISI upped their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Citigroup upped their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $49.32 on Tuesday. The business has a fifty day moving average of $46.88 and a 200-day moving average of $44.00. The firm has a market cap of $76.75 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.54 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. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company's revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.2%. U.S. Bancorp's payout ratio is currently 47.85%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Man Group plc grew its position in U.S. Bancorp by 32.8% in the fourth quarter. Man Group plc now owns 48,258 shares of the financial services provider's stock valued at $2,308,000 after purchasing an additional 11,926 shares in the last quarter. TrinityPoint Wealth LLC grew its position in U.S. Bancorp by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares in the last quarter. Tidal Investments LLC grew its position in U.S. Bancorp by 21.6% in the fourth quarter. Tidal Investments LLC now owns 66,207 shares of the financial services provider's stock valued at $3,167,000 after purchasing an additional 11,769 shares in the last quarter. Finally, Vident Advisory LLC grew its position in U.S. Bancorp by 2.9% in the fourth quarter. Vident Advisory LLC now owns 48,690 shares of the financial services provider's stock valued at $2,329,000 after purchasing an additional 1,365 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

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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