U.S. Bancorp (USB) To Go Ex-Dividend on December 31st

by · The Markets Daily

U.S. Bancorp (NYSE:USB – Get Free Report) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.52 per share by the financial services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st.

U.S. Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. U.S. Bancorp has a payout ratio of 43.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 43.2%.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $54.97 on Monday. The firm has a fifty day moving average of $49.61 and a two-hundred day moving average of $47.79. The stock has a market capitalization of $85.45 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.04 and a beta of 1.10. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $55.15. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. UBS Group lifted their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a report on Thursday, October 23rd. Cowen reiterated a “buy” rating on shares of U.S. Bancorp in a report on Monday, October 20th. Finally, DA Davidson lifted their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.95.

Read Our Latest Stock Analysis on U.S. Bancorp

U.S. Bancorp Company Profile

(Get Free Report)

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.

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