DA Davidson Weighs in on U.S. Bancorp’s FY2024 Earnings (NYSE:USB)

U.S. Bancorp (NYSE:USB) – Stock analysts at DA Davidson dropped their FY2024 earnings per share (EPS) estimates for U.S. Bancorp in a research report issued on Thursday, April 4th. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings of $3.95 per share for the year, down from their previous estimate of $3.99. The consensus estimate for U.S. Bancorp’s current full-year earnings is $3.86 per share. DA Davidson also issued estimates for U.S. Bancorp’s FY2025 earnings at $4.32 EPS.

Several other analysts have also issued reports on USB. The Goldman Sachs Group upped their target price on U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. Morgan Stanley raised their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Evercore ISI boosted their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $49.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.30.

U.S. Bancorp Stock Up 0.5 %

Shares of NYSE:USB opened at $43.94 on Monday. The firm has a market capitalization of $68.46 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The firm has a fifty day moving average of $42.25 and a 200 day moving average of $39.42.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock worth $2,535,903 in the last 90 days. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. Mufg Bank LTD. lifted its holdings in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after acquiring an additional 60,227,825 shares during the period. FMR LLC boosted its position in U.S. Bancorp by 1.8% in the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock worth $1,238,765,000 after purchasing an additional 674,583 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after purchasing an additional 2,598,163 shares during the period. 77.60% of the stock is currently owned by institutional investors.

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.