U.S. Bancorp (NYSE:USB) – Equities research analysts at Jefferies Group dropped their Q1 2017 earnings per share (EPS) estimates for shares of U.S. Bancorp in a research report issued on Wednesday. Jefferies Group analyst K. Usdin now expects that the firm will earn $0.78 per share for the quarter, down from their prior estimate of $0.80. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for U.S. Bancorp’s Q2 2017 earnings at $0.86 EPS, Q3 2017 earnings at $0.91 EPS and Q4 2017 earnings at $0.91 EPS.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The firm had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the company posted $0.81 earnings per share. U.S. Bancorp’s revenue was up 4.7% on a year-over-year basis.

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A number of other research analysts have also weighed in on the stock. Morgan Stanley lowered shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $49.00 target price for the company. in a research report on Monday, November 14th. They noted that the move was a valuation call. Wells Fargo & Company restated a “buy” rating on shares of U.S. Bancorp in a report on Friday, September 16th. Piper Jaffray Companies downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Wednesday, November 16th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Wedbush initiated coverage on shares of U.S. Bancorp in a report on Thursday, October 6th. They set a “neutral” rating and a $46.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $47.00.

Shares of U.S. Bancorp (NYSE:USB) traded up 0.574% during trading on Friday, reaching $51.725. 4,239,941 shares of the company’s stock were exchanged. The company has a market capitalization of $87.92 billion, a PE ratio of 16.014 and a beta of 0.84. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $52.68. The company has a 50 day moving average price of $51.25 and a 200-day moving average price of $45.20.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.12 annualized dividend and a yield of 2.18%. U.S. Bancorp’s dividend payout ratio is 34.68%.

In other U.S. Bancorp news, Director Arthur D. Collins, Jr. sold 35,845 shares of the company’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $44.01, for a total transaction of $1,577,538.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Terrance R. Dolan sold 2,700 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $44.20, for a total transaction of $119,340.00. Following the sale, the insider now directly owns 61,095 shares in the company, valued at $2,700,399. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Brokers Issue Forecasts for U.S. Bancorp’s Q1 2017 Earnings (USB)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at http://www.watchlistnews.com/brokers-issue-forecasts-for-u-s-bancorps-q1-2017-earnings-usb/1060283.html.

A number of hedge funds have recently modified their holdings of USB. Hall Laurie J Trustee bought a new position in shares of U.S. Bancorp during the fourth quarter worth about $957,000. NN Investment Partners Holdings N.V. raised its position in shares of U.S. Bancorp by 7.1% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,526,096 shares of the financial services provider’s stock worth $78,396,000 after buying an additional 101,193 shares during the last quarter. SevenBridge Financial Group LLC raised its position in shares of U.S. Bancorp by 140.8% in the third quarter. SevenBridge Financial Group LLC now owns 30,235 shares of the financial services provider’s stock worth $1,296,000 after buying an additional 17,677 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of U.S. Bancorp by 2.3% in the third quarter. First Heartland Consultants Inc. now owns 7,523 shares of the financial services provider’s stock worth $323,000 after buying an additional 167 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of U.S. Bancorp by 72.4% in the third quarter. D.A. Davidson & CO. now owns 183,352 shares of the financial services provider’s stock worth $7,861,000 after buying an additional 76,976 shares during the last quarter. 72.28% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

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