Free Trial

U.S. Bancorp (NYSE:USB) Shares Gap Down - What's Next?

U.S. Bancorp logo with Finance background

U.S. Bancorp (NYSE:USB - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $45.68, but opened at $44.15. U.S. Bancorp shares last traded at $44.35, with a volume of 6,733,125 shares changing hands.

Analyst Ratings Changes

USB has been the topic of a number of research reports. Piper Sandler lowered their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company reduced their target price on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Royal Bank Of Canada reduced their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group lifted their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.70.

Check Out Our Latest Analysis on U.S. Bancorp

U.S. Bancorp Trading Down 1.0%

The stock has a fifty day moving average of $44.68 and a 200-day moving average of $44.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $70.48 billion, a PE ratio of 11.20, a PEG ratio of 1.76 and a beta of 0.99.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the previous year, the business earned $0.98 EPS. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio is 49.50%.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of U.S. Bancorp by 1.4% in the fourth quarter. Harbour Investments Inc. now owns 30,823 shares of the financial services provider's stock valued at $1,475,000 after purchasing an additional 440 shares during the period. Signaturefd LLC increased its holdings in shares of U.S. Bancorp by 2.0% in the fourth quarter. Signaturefd LLC now owns 22,548 shares of the financial services provider's stock valued at $1,078,000 after purchasing an additional 449 shares during the period. Horizon Investments LLC increased its holdings in shares of U.S. Bancorp by 2.1% in the fourth quarter. Horizon Investments LLC now owns 28,961 shares of the financial services provider's stock valued at $1,385,000 after purchasing an additional 604 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $5,119,000. 77.60% of the stock is owned by institutional investors.

About U.S. Bancorp

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in U.S. Bancorp Right Now?

Before you consider U.S. Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and U.S. Bancorp wasn't on the list.

While U.S. Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines