9,236 Shares in U.S. Bancorp $USB Acquired by NBH Bank

NBH Bank bought a new stake in U.S. Bancorp (NYSE:USB) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 9,236 shares of the financial services provider’s stock, valued at approximately $558,000.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of U.S. Bancorp in the 1st quarter valued at approximately $27,000. Main Street Group LTD purchased a new stake in shares of U.S. Bancorp during the 1st quarter worth $28,000. JPL Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth $28,000. Archer Investment Corp acquired a new position in shares of U.S. Bancorp during the second quarter worth $29,000. Finally, Parvin Asset Management LLC acquired a new position in shares of U.S. Bancorp during the second quarter worth $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen L. Philipson sold 36,906 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company’s stock, valued at $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

USB has been the topic of a number of analyst reports. Raymond James Financial started coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price target on the stock. Stephens upped their price objective on U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of U.S. Bancorp in a report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, BTIG Research set a $67.50 target price on U.S. Bancorp in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.06.

U.S. Bancorp Trading Down 0.3%

NYSE:USB opened at $63.36 on Friday. The company has a market capitalization of $98.72 billion, a PE ratio of 12.65, a P/E/G ratio of 1.13 and a beta of 0.95. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The stock’s 50 day moving average price is $63.07 and its 200 day moving average price is $57.87. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same quarter in the previous year, the business earned $1.11 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is 41.52%.

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.