U.S. Bancorp (NYSE:USB) Reaches New 1-Year High – Time to Buy?

U.S. Bancorp (NYSE:USB) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $57.42 and last traded at $57.3380, with a volume of 10468397 shares changing hands. The stock had previously closed at $56.11.

Analyst Ratings Changes

Several research firms recently commented on USB. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price objective on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. Finally, TD Cowen boosted their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.19.

U.S. Bancorp Stock Up 2.2%

The company has a market cap of $89.13 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.01 and a beta of 1.06. The stock has a 50-day moving average of $53.73 and a two-hundred day moving average of $49.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Clayton Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth approximately $25,000. Guerra Advisors Inc bought a new stake in U.S. Bancorp in the third quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp in the third quarter worth approximately $26,000. Finally, IMG Wealth Management Inc. bought a new position in shares of U.S. Bancorp in the second quarter worth approximately $25,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.