U.S. Bancorp (NYSE:USB) has been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $59.03.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Wedbush restated a “neutral” rating on shares of U.S. Bancorp in a report on Monday, July 23rd. Finally, Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, September 18th.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the sale, the insider now directly owns 98,371 shares in the company, valued at approximately $5,086,764.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management increased its position in shares of U.S. Bancorp by 15.7% in the 1st quarter. LSV Asset Management now owns 19,900 shares of the financial services provider’s stock valued at $1,004,000 after purchasing an additional 2,700 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of U.S. Bancorp by 424.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 375,995 shares of the financial services provider’s stock valued at $18,988,000 after purchasing an additional 304,367 shares during the last quarter. Motco increased its position in shares of U.S. Bancorp by 112.8% in the 1st quarter. Motco now owns 4,901 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 2,598 shares during the last quarter. US Bancorp DE increased its position in shares of U.S. Bancorp by 0.9% in the 1st quarter. US Bancorp DE now owns 13,660,710 shares of the financial services provider’s stock valued at $689,865,000 after purchasing an additional 116,418 shares during the last quarter. Finally, Skba Capital Management LLC increased its position in shares of U.S. Bancorp by 9.4% in the 1st quarter. Skba Capital Management LLC now owns 415,100 shares of the financial services provider’s stock valued at $20,963,000 after purchasing an additional 35,700 shares during the last quarter. Institutional investors own 74.25% of the company’s stock.

NYSE:USB traded down $0.21 on Friday, hitting $55.14. The stock had a trading volume of 12,642,015 shares, compared to its average volume of 4,691,395. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $89.83 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.81 and a beta of 0.98. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the business posted $0.25 EPS. U.S. Bancorp’s revenue was up 3.5% on a year-over-year basis. equities analysts anticipate that U.S. Bancorp will post 4.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 27th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a yield of 2.68%. U.S. Bancorp’s dividend payout ratio is 35.09%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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