U.S. Bancorp. (NYSE:USB) shares traded -0.59% lower at $42.22 on Wall Street last session.
USB stock price is now 0.78% away from the 50-day moving average and 12.50% away from the 200-day moving average. The market capitalization of the company currently stands at $65.79B.
On December 15, 2023, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $52, while ‘Odeon’ rates the stock as ‘Buy’
In other news, CHOSY JAMES L, Senior EVP and General Counsel sold 21,582 shares of the company’s stock on Feb 16 ’24. The stock was sold for $895,070 at an average price of $41.47. Upon completion of the transaction, the Senior EVP and General Counsel now directly owns 164,880 shares in the company, valued at $6.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15 ’24, Chairman, President and CEO CECERE ANDREW sold 93,366 shares of the business’s stock. A total of $3,860,871 was realized by selling the stock at an average price of $41.35. This leaves the insider owning 1,081,432 shares of the company worth $45.66 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, U.S. Bancorp. has had a low of $27.27 and a high of $45.85. The fifty day moving average price for USB is $41.89 and a two-hundred day moving average price translates $37.53 for the stock.
The latest earnings results from U.S. Bancorp. (NYSE: USB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.99, beating analysts’ expectations of $0.98 by 0.01. This compares to $0.55 EPS in the same period last year. The net profit margin was 12.60% and return on equity was 10.18% for USB. The company reported revenue of $7.76 billion for the quarter, compared to $5.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.95 percent. For the current quarter, analysts expect USB to generate $6.75B in revenue.
