U.S. Bancorp (NYSE:USB) Given Average Rating of “Hold” by Analysts

Shares of U.S. Bancorp (NYSE:USB) have earned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $46.02.

USB has been the subject of several recent research reports. DA Davidson lowered their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. UBS Group lowered their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Finally, Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd.

Hedge Funds Weigh In On U.S. Bancorp

Large investors have recently bought and sold shares of the stock. CGC Financial Services LLC bought a new position in U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at $30,000. Finally, LRI Investments LLC purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at $31,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 1.1 %

USB stock opened at $39.70 on Friday. The stock has a market capitalization of $61.95 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The firm has a 50-day moving average price of $40.40 and a 200-day moving average price of $41.71.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.