U.S. Bancorp (USB) Set to Announce Quarterly Earnings on Wednesday

U.S. Bancorp (NYSE:USBGet Free Report) is scheduled to release its earnings data before the market opens on Wednesday, April 17th. Analysts expect U.S. Bancorp to post earnings of $0.90 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. During the same period last year, the business earned $1.20 EPS. U.S. Bancorp’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts expect U.S. Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $41.58 on Monday. The company’s fifty day moving average price is $42.29 and its 200 day moving average price is $39.61. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $64.79 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.15 and a beta of 1.05.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.71%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent research reports. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Royal Bank of Canada lifted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Evercore ISI lifted their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $47.41.

Read Our Latest Stock Report on U.S. Bancorp

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,265 shares of company stock valued at $2,535,903. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. FIL Ltd raised its position in shares of U.S. Bancorp by 1,751.5% in the fourth quarter. FIL Ltd now owns 8,887 shares of the financial services provider’s stock valued at $385,000 after buying an additional 8,407 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of U.S. Bancorp by 29.9% in the fourth quarter. SageView Advisory Group LLC now owns 47,478 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 10,938 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $619,000. DRW Securities LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $1,147,000. Finally, Oarsman Capital Inc. acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $305,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

(Get Free Report)

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.

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Earnings History for U.S. Bancorp (NYSE:USB)

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