There has been a significant shift in the fundamentals for U.S. Bancorp. (NYSE:USB)

The stock of U.S. Bancorp. (NYSE:USB) last traded at $34.20, up 0.86% from the previous session.

Data from the available sources indicates that U.S. Bancorp. (NYSE:USB) is covered by 28 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $31.00, we find $38.00. Given the previous closing price of $33.91, this indicates a potential upside of 12.06 percent. USB stock price is now 1.98% away from the 50-day moving average and -5.76% away from the 200-day moving average. The market capitalization of the company currently stands at $53.25B.

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In total, 15 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $40.20 as their price target over the next twelve months.

With the price target of $30, HSBC Securities recently initiated with Hold rating for U.S. Bancorp. (NYSE: USB).

In other news, Welsh Timothy A, Vice Chair sold 13,816 shares of the company’s stock on Aug 10. The stock was sold for $549,780 at an average price of $39.79. Upon completion of the transaction, the Vice Chair now directly owns 119,058 shares in the company, valued at $4.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, Vice Chair & CFO DOLAN TERRANCE R sold 26,000 shares of the business’s stock. A total of $1,033,578 was realized by selling the stock at an average price of $39.75. This leaves the insider owning 166,992 shares of the company worth $5.71 million. Insiders disposed of 407,870 shares of company stock worth roughly $13.95 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.

With an opening price of $34.18 on Friday 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 $49.95. The fifty day moving average price for USB is $33.49 and a two-hundred day moving average price translates $36.22 for the stock.

The latest earnings results from U.S. Bancorp. (NYSE: USB) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $1.05, beating analysts’ expectations of $1.02 by 0.03. This compares to $1.16 EPS in the same period last year. The net profit margin was 13.47% and return on equity was 10.89% for USB. The company reported revenue of $7.75 billion for the quarter, compared to $4.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.0 percent. For the current quarter, analysts expect USB to generate $6.91B in revenue.

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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