Q4 2021 EPS Estimates for U.S. Bancorp (NYSE:USB) Cut by Jefferies Financial Group
U.S. Bancorp (NYSE:USB) – Equities researchers at Jefferies Financial Group dropped their Q4 2021 earnings per share estimates for shares of U.S. Bancorp in a research report issued to clients and investors on Thursday, July 9th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $0.99 for the quarter, down from their previous estimate of $1.09.
A number of other analysts have also recently commented on USB. ValuEngine raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. Credit Suisse Group dropped their price objective on shares of U.S. Bancorp from $43.00 to $41.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Cfra decreased their price target on U.S. Bancorp from $60.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Compass Point dropped their target price on U.S. Bancorp from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Barclays reissued a “buy” rating and set a $53.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and an average price target of $46.89.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.57 billion. U.S. Bancorp had a return on equity of 14.15% and a net margin of 23.37%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Monday, June 29th. U.S. Bancorp’s dividend payout ratio is 38.71%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fruth Investment Management acquired a new stake in U.S. Bancorp during the 2nd quarter worth about $202,000. Carlson Capital Management increased its position in shares of U.S. Bancorp by 36.6% in the second quarter. Carlson Capital Management now owns 19,977 shares of the financial services provider’s stock worth $728,000 after acquiring an additional 5,350 shares in the last quarter. Investment House LLC acquired a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $258,000. Sabal Trust CO raised its holdings in shares of U.S. Bancorp by 9.1% during the second quarter. Sabal Trust CO now owns 425,087 shares of the financial services provider’s stock valued at $15,652,000 after acquiring an additional 35,552 shares during the period. Finally, Manning & Napier Group LLC lifted its position in shares of U.S. Bancorp by 1.4% in the 2nd quarter. Manning & Napier Group LLC now owns 570,422 shares of the financial services provider’s stock valued at $21,001,000 after acquiring an additional 7,820 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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