Somewhat Favorable News Coverage Somewhat Unlikely to Affect U.S. Bancorp (USB) Share Price
News stories about U.S. Bancorp (NYSE:USB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. U.S. Bancorp earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.547848164387 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Tax law to spark $450 billion buyout bonanza for Wall Street – CNNMoney (money.cnn.com)
- Piper Jaffray Upgrades US Bancorp (USB) to Overweight – StreetInsider.com (streetinsider.com)
- Piper Jaffray Names US Bancorp Its ‘Sleeper’ Tax Cut Play – Benzinga (benzinga.com)
- U.S. Bancorp (USB) versus Its Rivals Critical Review (americanbankingnews.com)
- U.S. Bancorp (USB) versus Its Competitors Financial Survey (americanbankingnews.com)
A number of research analysts have commented on USB shares. Nomura lifted 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 note on Monday, October 23rd. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Citigroup restated a “neutral” rating and issued a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. JPMorgan Chase & Co. dropped their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.71.
Shares of U.S. Bancorp (NYSE USB) traded up $0.34 during trading on Friday, hitting $55.32. 6,556,900 shares of the stock were exchanged, compared to its average volume of 5,440,000. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $91,800.00, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.96 and a beta of 0.85.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. equities analysts forecast that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.17%. U.S. Bancorp’s dividend payout ratio (DPR) is 35.71%.
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About U.S. Bancorp
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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