U.S. Bancorp (USB) – Investment Analysts’ Recent Ratings Updates

U.S. Bancorp (NYSE: USB) has recently received a number of price target changes and ratings updates:

• 10/17/2024 – U.S. Bancorp was given a new $54.00 price target on by analysts at Robert W. Baird.
• 10/17/2024 – U.S. Bancorp was given a new $53.00 price target on by analysts at Royal Bank of Canada.
• 10/17/2024 – U.S. Bancorp had its price target raised by analysts at Wells Fargo & Company from $52.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – U.S. Bancorp had its price target raised by analysts at Barclays PLC from $52.00 to $57.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – U.S. Bancorp had its price target raised by analysts at Oppenheimer Holdings Inc. from $57.00 to $59.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – U.S. Bancorp had its price target raised by analysts at DA Davidson from $49.00 to $54.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – U.S. Bancorp had its price target raised by analysts at Stephens from $49.00 to $52.00. They now have an “equal weight” rating on the stock.
• 10/2/2024 – U.S. Bancorp had its price target raised by analysts at Oppenheimer Holdings Inc. from $54.00 to $57.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – U.S. Bancorp had its price target raised by analysts at Evercore ISI from $49.00 to $51.00. They now have an “in-line” rating on the stock.
• 9/30/2024 – U.S. Bancorp was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $57.00 price target on the stock, up previously from $54.00.
• 9/13/2024 – U.S. Bancorp had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $48.00 price target on the stock.
• 9/11/2024 – U.S. Bancorp had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $48.00 to $46.00. They now have a “neutral” rating on the stock.

U.S. Bancorp Stock Up 1.0 %

Shares of NYSE:USB opened at $48.53 on Thursday. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $50.47. The stock has a market cap of $75.73 billion, a P/E ratio of 16.07, a PEG ratio of 3.32 and a beta of 1.03. The business has a fifty day moving average of $45.61 and a two-hundred day moving average of $42.77. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. U.S. Bancorp’s quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s payout ratio is presently 66.23%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of USB. Redwood Wealth Management Group LLC purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in U.S. Bancorp in the 1st quarter valued at approximately $31,000. Eagle Bay Advisors LLC raised its position in U.S. Bancorp by 93.2% in the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 331 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in U.S. Bancorp in the second quarter valued at approximately $30,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of U.S. Bancorp during the second quarter worth $33,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

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.