Courier Capital LLC Maintains Position in U.S. Bancorp (USB)
Courier Capital LLC continued to hold its stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,198 shares of the financial services provider’s stock at the close of the second quarter. Courier Capital LLC’s holdings in U.S. Bancorp were worth $737,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp in the second quarter worth approximately $103,000. SRS Capital Advisors Inc. lifted its stake in shares of U.S. Bancorp by 17.0% in the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after buying an additional 371 shares in the last quarter. Orrstown Financial Services Inc. lifted its stake in shares of U.S. Bancorp by 30.4% in the second quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after buying an additional 681 shares in the last quarter. Hudock Capital Group LLC lifted its stake in shares of U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after buying an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in shares of U.S. Bancorp by 16.6% in the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after buying an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
Shares of U.S. Bancorp (NYSE USB) opened at $51.83 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $85,760.00, a price-to-earnings ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.86. U.S. Bancorp has a 52 week low of $47.59 and a 52 week high of $56.61.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. research analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. U.S. Bancorp’s dividend payout ratio is 35.71%.
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USB has been the topic of a number of research analyst reports. Nomura increased their price objective on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Citigroup Inc. restated a “neutral” rating and set a $58.00 price objective (up previously from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.82.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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