U.S. Bancorp (NYSE:USB) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Markets Daily

U.S. Bancorp (NYSE:USB – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.1905.

USB has been the topic of a number of recent analyst reports. Evercore ISI set a $60.00 price target on shares of U.S. Bancorp in a report on Tuesday, January 6th. Royal Bank Of Canada 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 report on Wednesday. The Goldman Sachs Group set a $52.00 target price on U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday, October 17th. UBS Group upped their price target on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, DA Davidson lifted their price objective on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday.

Read Our Latest Report on U.S. Bancorp

U.S. Bancorp Price Performance

USB opened at $55.50 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $52.57 and its 200 day simple moving average is $49.09. The firm has a market cap of $86.27 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.01 and a beta of 1.07. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $56.70.

U.S. Bancorp (NYSE:USB – Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s payout ratio is presently 45.02%.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently modified their holdings of USB. Bridgewater Advisors Inc. lifted its holdings in U.S. Bancorp by 6.0% in the fourth quarter. Bridgewater Advisors Inc. now owns 20,523 shares of the financial services provider’s stock worth $1,134,000 after buying an additional 1,169 shares during the period. Bingham Private Wealth LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $298,000. Farther Finance Advisors LLC raised its position in shares of U.S. Bancorp by 38.4% in the 4th quarter. Farther Finance Advisors LLC now owns 84,280 shares of the financial services provider’s stock worth $4,497,000 after acquiring an additional 23,373 shares in the last quarter. Sunpointe LLC lifted its stake in shares of U.S. Bancorp by 4.9% in the 4th quarter. Sunpointe LLC now owns 16,477 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 767 shares during the period. Finally, Fortress Financial Group LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $202,000. Institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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