U.S. Bancorp (NYSE:USB) Stock Has Consensus Target Price of $67.06 According to Brokerages

by · The Cerbat Gem

Shares of U.S. Bancorp (NYSE:USB – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $67.06.

Several equities research analysts have issued reports on the stock. CLSA set a $67.50 price objective on shares of U.S. Bancorp in a research report on Monday, July 20th. Barclays upped their target price on U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Raymond James Financial began coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 target price on the stock. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $75.00 in a report on Monday, July 6th. Finally, Evercore upgraded U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Monday, July 20th.

Get Our Latest Report on U.S. Bancorp

U.S. Bancorp Stock Performance

NYSE USB opened at $59.33 on Friday. The firm has a 50-day moving average of $62.70 and a 200-day moving average of $58.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market cap of $92.44 billion, a PE ratio of 11.84, a P/E/G ratio of 1.03 and a beta of 0.95. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07.

U.S. Bancorp (NYSE:USB – Get Free Report) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. On average, sell-side analysts anticipate that U.S. Bancorp will post 5.24 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s dividend payout ratio (DPR) is 41.52%.

Insiders Place Their Bets

In related news, insider Stephen L. Philipson sold 36,906 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in USB. Archer Investment Corp bought a new position in shares of U.S. Bancorp during the second quarter worth approximately $29,000. Parvin Asset Management LLC bought a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in U.S. Bancorp during the first quarter worth approximately $27,000. Main Street Group LTD bought a new position in U.S. Bancorp during the 1st quarter worth $28,000. Finally, NFSG Corp bought a new position in U.S. Bancorp during the 1st quarter worth $31,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

(Get Free Report)

U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.

Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.

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