U.S. Bancorp (NYSE:USB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of U.S. Bancorp (NYSE:USBGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.3095.

Several brokerages have recently commented on USB. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $75.00 in a research note on Monday, July 6th. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, Truist Financial increased their target price on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, June 26th.

View Our Latest Report on USB

Insider Activity at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds have recently bought and sold shares of the company. Dogwood Wealth Management LLC grew its position in U.S. Bancorp by 32.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Paulson Wealth Management Inc. lifted its position in shares of U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 173 shares in the last quarter. Gilbert & Cook Inc. lifted its position in shares of U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 184 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in shares of U.S. Bancorp by 1.4% in the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 186 shares during the period. Finally, Formidable Asset Management LLC boosted its stake in shares of U.S. Bancorp by 0.8% in the first quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.1%

USB stock opened at $62.49 on Monday. The firm has a market cap of $96.93 billion, a PE ratio of 13.10, a PEG ratio of 1.07 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $57.18 and its 200-day moving average price is $55.80. U.S. Bancorp has a one year low of $43.46 and a one year high of $63.39.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post 5.11 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

About U.S. Bancorp

(Get Free Report)

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.

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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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