Brokerages Set U.S. Bancorp (NYSE:USB) PT at $51.30

U.S. Bancorp (NYSE:USB) has earned an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $51.34.

A number of research analysts recently weighed in on USB shares. TD Cowen started coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They set a “buy” rating and a $60.00 price target on the stock. Oppenheimer increased their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Wolfe Research upgraded U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Wall Street Zen lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. Finally, The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th.

U.S. Bancorp Trading Up 0.5%

NYSE USB opened at $47.73 on Thursday. The business’s 50-day moving average price is $43.70 and its two-hundred day moving average price is $44.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $74.36 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the company earned $0.78 EPS. On average, analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.19%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Insider Activity

In other news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently bought and sold shares of the company. Covestor Ltd increased its stake in U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 214 shares in the last quarter. TrinityPoint Wealth LLC boosted its stake in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after buying an additional 231 shares during the period. CoreCap Advisors LLC grew its stake in U.S. Bancorp by 36.6% in the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC increased its holdings in U.S. Bancorp by 3.3% in the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock worth $339,000 after buying an additional 253 shares during the last quarter. Finally, Atlantic Family Wealth LLC lifted its position in shares of U.S. Bancorp by 4.2% in the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock worth $266,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

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.