U.S. Bancorp (NYSE:USB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of U.S. Bancorp (NYSE:USB) have received a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $66.5227.

A number of analysts have recently commented on the company. UBS Group lifted their price target on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of U.S. Bancorp from $57.50 to $65.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 6th. Robert W. Baird boosted their target price on shares of U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Truist Financial upped their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Friday.

U.S. Bancorp Stock Down 1.4%

Shares of USB opened at $63.14 on Monday. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $64.84. The stock has a market capitalization of $97.93 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a fifty day moving average of $57.89 and a 200-day moving average of $56.08.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter last year, the business posted $1.11 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 5.12 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s payout ratio is currently 43.61%.

Insider Activity

In related news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This represents 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 insiders.

Institutional Investors Weigh In On U.S. Bancorp

Several large investors have recently modified their holdings of the company. Inceptionr LLC increased its stake in U.S. Bancorp by 424.4% in the 4th quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock worth $1,473,000 after buying an additional 22,348 shares in the last quarter. Danske Bank A S purchased a new position in shares of U.S. Bancorp in the third quarter valued at about $37,162,000. Nordea Investment Management AB lifted its position in shares of U.S. Bancorp by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after acquiring an additional 357,300 shares in the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of U.S. Bancorp by 92.9% in the third quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock worth $12,195,000 after acquiring an additional 121,529 shares during the period. Finally, Savvy Advisors Inc. grew its position in shares of U.S. Bancorp by 244.4% during the fourth quarter. Savvy Advisors Inc. now owns 30,872 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 21,907 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting U.S. Bancorp

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

• Positive Sentiment: U.S. Bancorp posted Q2 earnings of $1.35 per share on revenue of $7.71 billion, both above estimates, with record quarterly revenue driven by loan growth, fee income, and a boost from its BTIG acquisition. U.S. Bancorp Q2 Earnings Beat Estimates on NII & Fee Revenue Growth
• Positive Sentiment: Management raised full-year revenue guidance to a 7% to 9% growth range, signaling confidence that momentum from higher net interest income and fee revenue will continue. Is USB’s Stronger Outlook And BTIG Fee Push Altering The Investment Case For U.S. Bancorp (USB)?
• Positive Sentiment: Several firms lifted price targets after the earnings release, including Oppenheimer, Wells Fargo, Truist, RBC, and Baird, reflecting improved sentiment around USB’s outlook. US Bancorp analysts boost their forecasts after upbeat Q2 results

About U.S. Bancorp

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.