U.S. Bancorp (USB) Position Lifted by Riverview Trust Co
Riverview Trust Co grew its stake in U.S. Bancorp (NYSE:USB) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,382 shares of the financial services provider’s stock after purchasing an additional 647 shares during the period. Riverview Trust Co’s holdings in U.S. Bancorp were worth $308,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $27,000. Executive Wealth Management LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $27,000. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp in the fourth quarter valued at about $32,000. ERTS Wealth Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $36,000. Finally, Centerpoint Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $45,000. Institutional investors own 75.82% of the company’s stock.
A number of equities analysts have commented on the stock. Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, January 28th. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Oppenheimer boosted their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Jefferies Financial Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Barclays boosted their target price on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.08.
Shares of NYSE USB opened at $49.30 on Thursday. The company has a market capitalization of $78.76 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. Analysts forecast that U.S. Bancorp will post 4.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.37 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.00%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.
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About U.S. Bancorp
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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