10,166 Shares in U.S. Bancorp $USB Purchased by First Bancorp Inc ME

First Bancorp Inc ME purchased a new stake in U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,166 shares of the financial services provider’s stock, valued at approximately $614,000.

A number of other large investors have also recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in shares of U.S. Bancorp during the second quarter worth about $2,233,000. Manning & Napier Advisors LLC purchased a new stake in U.S. Bancorp in the second quarter valued at approximately $9,518,000. Dearborn Partners LLC bought a new stake in U.S. Bancorp during the second quarter valued at approximately $1,065,000. Ally Financial Inc. bought a new stake in U.S. Bancorp during the second quarter valued at approximately $1,691,000. Finally, S&G Foundation purchased a new position in U.S. Bancorp in the 2nd quarter worth approximately $33,824,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $62.47 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The company has a fifty day moving average of $62.56 and a 200-day moving average of $57.68. The stock has a market capitalization of $97.33 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter last year, the company earned $1.11 EPS. Equities research analysts expect that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s payout ratio is currently 41.52%.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on USB. UBS Group raised their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, July 17th. Oppenheimer increased their target price on U.S. Bancorp from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Robert W. Baird raised their price target on U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Morgan Stanley lifted their price target on U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $67.06.

U.S. Bancorp 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.