What is DA Davidson’s Forecast for U.S. Bancorp Q4 Earnings?

U.S. Bancorp (NYSE:USB) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of U.S. Bancorp in a research note issued to investors on Thursday, October 17th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings per share of $1.08 for the quarter. DA Davidson currently has a “Neutral” rating and a $54.00 target price on the stock. The consensus estimate for U.S. Bancorp’s current full-year earnings is $3.86 per share.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company increased their price target on shares of U.S. Bancorp from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a research report on Thursday, June 27th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research report on Thursday. Citigroup increased their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group reduced their target price on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Hold” and a consensus target price of $50.71.

U.S. Bancorp Price Performance

NYSE:USB opened at $49.16 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company has a 50-day moving average of $45.24 and a 200-day moving average of $42.66. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $50.47. The company has a market capitalization of $76.71 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 3.32 and a beta of 1.03.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in USB. Baker Boyer National Bank bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $209,000. Vest Financial LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $289,000. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in U.S. Bancorp by 1.0% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 296,831 shares of the financial services provider’s stock valued at $13,574,000 after acquiring an additional 2,915 shares during the last quarter. DMC Group LLC grew its holdings in U.S. Bancorp by 17.0% during the 3rd quarter. DMC Group LLC now owns 20,315 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 2,954 shares during the period. Finally, New Century Financial Group LLC raised its position in shares of U.S. Bancorp by 5.0% during the 3rd quarter. New Century Financial Group LLC now owns 9,594 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp declared that its board has authorized a share buyback plan on Thursday, September 12th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s payout ratio is 66.23%.

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.