The stock of U.S. Bancorp (NYSE:USB) last traded at $30.45, up 6.17% from the previous session.
Data from the available sources indicates that U.S. Bancorp (NYSE:USB) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $32.00, we find $42.00. Given the previous closing price of $28.68, this indicates a potential upside of 46.44 percent. USB stock price is now -11.62% away from the 50-day moving average and -28.35% away from the 200-day moving average. The market capitalization of the company currently stands at $46.34B.
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In total, 14 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $43.34 as their price target over the next twelve months.
On March 20, 2023, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $52, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, Kelligrew James B, Vice Chair bought 16,260 shares of the company’s stock on May 08. The stock was bought for $497,475 at an average price of $30.59. Upon completion of the transaction, the Vice Chair now directly owns 151,927 shares in the company, valued at $4.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Director McKenney Richard P bought 20,000 shares of the business’s stock. A total of $607,320 was incurred on buying the stock at an average price of $30.37. This leaves the insider owning 20,000 shares of the company worth $0.61 million. Insiders disposed of 428,775 shares of company stock worth roughly $13.06 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in USB stock. A new stake in U.S. Bancorp shares was purchased by ARTISAN PARTNERS LIMITED PARTNERSHIP during the first quarter worth $59,650,000. FARMER STEVEN PATRICK invested $58,224,000 in shares of USB during the first quarter. In the first quarter, CEREDEX VALUE ADVISORS LLC acquired a new stake in U.S. Bancorp valued at approximately $36,546,000. RHINO INVESTMENT PARTNERS, INC acquired a new stake in USB for approximately $24,536,000. DEPRINCE RACE & ZOLLO INC purchased a new stake in USB valued at around $17,680,000 in the second quarter. In total, there are 2,158 active investors with 74.10% ownership of the company’s stock.
With an opening price of $29.00 on Wednesday morning, U.S. Bancorp (NYSE: USB) set off the trading day. During the past 12 months, U.S. Bancorp has had a low of $27.27 and a high of $53.37. The fifty day moving average price for USB is $34.15 and a two-hundred day moving average price translates $42.41 for the stock.
The latest earnings results from U.S. Bancorp (NYSE: USB) was released for Mar, 2023. According to the Banks – Regional Company, earnings per share came in at $1.16, beating analysts’ expectations of $1.12 by 0.04. This compares to $0.99 EPS in the same period last year. The net profit margin was 26.20% and return on equity was 13.00% for USB. The company reported revenue of $6.96 billion for the quarter, compared to $3.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.74 percent. For the current quarter, analysts expect USB to generate $7.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/17/2023. Investors who held shares on 03/31/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 6.31% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, USB is presently at 50.10%.
U.S. Bancorp(USB) Company Profile
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. In addition, it provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. Further, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Additionally, it provides investment and insurance products to its customers principally within its markets, as well as fund administration services to mutual and other funds. Furthermore, the company provides corporate and purchasing card, and corporate trust services. The company offers merchant processing, investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.
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