U.S. Bancorp (NYSE:USB – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01, Briefing.com reports. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS.
U.S. Bancorp Price Performance
Shares of NYSE:USB opened at $39.44 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The firm has a market capitalization of $61.45 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.04 and a beta of 1.05. The company’s fifty day moving average price is $42.31 and its 200 day moving average price is $39.72.
U.S. Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.
Insider Buying and Selling at U.S. Bancorp
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of USB. Compass Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $39,000. Pacific Center for Financial Services purchased a new position in shares of U.S. Bancorp in the 1st quarter valued at approximately $36,000. Cornerstone Planning Group LLC acquired a new position in shares of U.S. Bancorp in the second quarter valued at approximately $35,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of U.S. Bancorp during the second quarter worth approximately $36,000. Finally, Covestor Ltd lifted its holdings in shares of U.S. Bancorp by 62.6% during the first quarter. Covestor Ltd now owns 1,424 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 548 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on USB. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank of Canada upped their price target on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Evercore ISI lifted their price objective 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. Finally, Morgan Stanley raised their target price on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.91.
Get Our Latest Analysis on USB
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.
Featured Stories
- Five stocks we like better than U.S. Bancorp
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Taiwan Semiconductor Earnings: AI Dominance and Future Outlook
- Find and Profitably Trade Stocks at 52-Week Lows
- Comprehensive PepsiCo Stock Analysis
- What is the Australian Securities Exchange (ASX)
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.