Stock Yards Bank & Trust Co. Sells 4,445 Shares of U.S. Bancorp $USB

Stock Yards Bank & Trust Co. trimmed its holdings in U.S. Bancorp (NYSE:USB) by 9.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 41,473 shares of the financial services provider’s stock after selling 4,445 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in U.S. Bancorp were worth $1,877,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wesbanco Bank Inc. increased its holdings in U.S. Bancorp by 31.6% in the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider’s stock worth $13,724,000 after buying an additional 78,146 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider’s stock worth $286,000 after buying an additional 649 shares in the last quarter. Ally Financial Inc. increased its holdings in U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider’s stock worth $3,842,000 after buying an additional 10,000 shares in the last quarter. United Community Bank increased its holdings in U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider’s stock worth $2,072,000 after buying an additional 8,796 shares in the last quarter. Finally, Jump Financial LLC grew its stake in shares of U.S. Bancorp by 1,952.5% during the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider’s stock valued at $35,478,000 after purchasing an additional 799,368 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 0.2%

USB stock opened at $48.00 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $74.69 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.50 and a beta of 1.06. The business has a 50 day simple moving average of $47.61 and a two-hundred day simple moving average of $44.57.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Saturday, September 27th. Oppenheimer cut their price target on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. Evercore ISI boosted their price target on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Citigroup lifted their price objective on U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.26.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.