Community Bank of Raymore Sells 864 Shares of U.S. Bancorp (NYSE:USB)

Community Bank of Raymore cut its position in shares of U.S. Bancorp (NYSE:USB) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,275 shares of the financial services provider’s stock after selling 864 shares during the quarter. U.S. Bancorp comprises 2.8% of Community Bank of Raymore’s investment portfolio, making the stock its 11th biggest holding. Community Bank of Raymore’s holdings in U.S. Bancorp were worth $3,553,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Ellsworth Advisors LLC boosted its position in shares of U.S. Bancorp by 3.0% during the fourth quarter. Ellsworth Advisors LLC now owns 122,719 shares of the financial services provider’s stock valued at $5,870,000 after purchasing an additional 3,535 shares in the last quarter. Grove Bank & Trust boosted its position in shares of U.S. Bancorp by 18.7% during the fourth quarter. Grove Bank & Trust now owns 32,681 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 5,149 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $1,344,000. Kelly Financial Services LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $3,872,000. Finally, Aaron Wealth Advisors LLC boosted its position in shares of U.S. Bancorp by 4.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,928 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 335 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 0.8 %

U.S. Bancorp stock opened at $48.40 on Monday. The stock has a market cap of $75.50 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock has a fifty day moving average of $50.18 and a 200 day moving average of $46.83.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 61.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on USB shares. Evercore ISI boosted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Stephens boosted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Barclays boosted their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

About U.S. Bancorp

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.