Brokerages Set U.S. Bancorp (NYSE:USB) PT at $56.30

U.S. Bancorp (NYSE:USBGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $57.95.

A number of research analysts have issued reports on USB shares. Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. DA Davidson increased their target price on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America lifted their price target on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Barclays upped their price target on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th.

Read Our Latest Stock Report on U.S. Bancorp

U.S. Bancorp News Summary

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

U.S. Bancorp Trading Up 2.1%

Shares of U.S. Bancorp stock opened at $55.50 on Monday. The stock has a market cap of $86.28 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07. The firm has a fifty day moving average price of $52.23 and a 200 day moving average price of $48.99. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $56.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.82 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 17.66%.The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Hedge Funds Weigh In On U.S. Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. purchased a new position in U.S. Bancorp in the 2nd quarter valued at about $25,000. Guerra Advisors Inc acquired a new position in shares of U.S. Bancorp during the third quarter valued at approximately $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the third quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $25,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the third quarter worth approximately $26,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Articles

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.