U.S. Bancorp (NYSE:USB) has earned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $52.33.
USB has been the subject of a number of research analyst reports. BidaskClub lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Argus raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, July 20th. Robert W. Baird reissued a “hold” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research note on Tuesday, September 5th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, August 11th.
Shares of U.S. Bancorp (USB) traded up 1.80% during trading on Wednesday, hitting $50.88. The stock had a trading volume of 4,654,175 shares. The firm has a market capitalization of $85.11 billion, a P/E ratio of 15.37 and a beta of 0.87. U.S. Bancorp has a 1-year low of $42.17 and a 1-year high of $56.61. The stock’s 50-day moving average price is $52.14 and its 200 day moving average price is $52.25.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. On average, analysts anticipate that U.S. Bancorp will post $3.44 earnings per share for the current year.
U.S. Bancorp announced that its board has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $2.60 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new stake in shares of U.S. Bancorp in the 2nd quarter valued at $103,000. Phocas Financial Corp. purchased a new position in U.S. Bancorp during the 2nd quarter worth $109,000. SRS Capital Advisors Inc. grew its position in U.S. Bancorp by 17.0% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 371 shares during the last quarter. Orrstown Financial Services Inc. grew its position in U.S. Bancorp by 30.4% during the 2nd quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 681 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in U.S. Bancorp during the 1st quarter worth $155,000. Institutional investors and hedge funds own 74.21% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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