U.S. Bancorp (NYSE:USB) Sets New 1-Year High – Here’s Why
by Mitch Edgeman · The Markets DailyU.S. Bancorp (NYSE:USB – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $61.65 and last traded at $61.7420, with a volume of 1148498 shares changing hands. The stock had previously closed at $60.11.
U.S. Bancorp News Roundup
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: U.S. Bancorp passed the Federal Reserve’s 2026 stress test, reinforcing its capital strength and supporting plans to raise its quarterly dividend. US Bancorp Declares SCB & Plans Dividend Hike After 2026 Stress Test
- Positive Sentiment: The company said the Fed’s stress-test outcome leaves it with a low stress capital buffer and confirms room for boosted shareholder returns, which is typically viewed favorably by income investors. U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results
- Positive Sentiment: U.S. Bancorp declared a quarterly dividend of $0.52 per share, reinforcing its appeal as a dividend-paying bank stock. U.S. Bancorp (USB) Declares Quarterly Dividend of $0.52 per Share
- Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for further upside in USB shares.
- Neutral Sentiment: Commentary on USB.PR.H highlighted a floating-rate preferred structure that benefits from higher interest rates, but this is more relevant to preferred investors than the common stock. USB.PR.H: Hedge Inflation And Interest Rate Risk With Floating Preferreds
- Neutral Sentiment: U.S. Bancorp also commented on the Fed’s DFAST results, but the update was largely procedural and did not add a major new catalyst beyond the stress-test news. U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results
Wall Street Analyst Weigh In
USB has been the topic of several recent research reports. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Truist Financial reduced their price target on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Barclays lifted their price objective on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Stephens started coverage on U.S. Bancorp in a research report on Monday, June 15th. They set an “equal weight” rating and a $63.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $61.29.
View Our Latest Research Report on U.S. Bancorp
U.S. Bancorp Price Performance
The business has a 50-day moving average of $55.90 and a two-hundred day moving average of $55.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market cap of $94.52 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 5.08 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is presently 43.61%.
Insider Buying and Selling at U.S. Bancorp
In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of USB. Vanguard Group Inc. grew its stake in U.S. Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after purchasing an additional 1,828,404 shares during the period. State Street Corp increased its stake in shares of U.S. Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock valued at $3,755,083,000 after acquiring an additional 522,368 shares in the last quarter. Geode Capital Management LLC boosted its stake in U.S. Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock worth $2,002,518,000 after acquiring an additional 443,646 shares in the last quarter. Norges Bank bought a new stake in U.S. Bancorp in the fourth quarter valued at $1,887,497,000. Finally, Auto Owners Insurance Co boosted its position in shares of U.S. Bancorp by 5,236.0% during the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after purchasing an additional 32,725,000 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.
U.S. Bancorp Company Profile
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.