Analysts Set U.S. Bancorp (NYSE:USB) Target Price at $53.48

U.S. Bancorp (NYSE:USB) has earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $53.50.

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley reduced their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Compass Point increased their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial began coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company.

Insiders Place Their Bets

In other news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. DSG Capital Advisors LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $15,294,000. CWC Advisors LLC. bought a new position in U.S. Bancorp in the 4th quarter worth $209,000. NorthCrest Asset Manangement LLC lifted its position in U.S. Bancorp by 9.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 6,738 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 602 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at about $267,000. Finally, Anchor Pointe Wealth Management LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth about $304,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB stock opened at $43.25 on Tuesday. The business has a 50 day moving average of $45.87 and a 200-day moving average of $47.57. The firm has a market cap of $67.39 billion, a PE ratio of 11.41, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

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.