Jefferies Group reissued their buy rating on shares of U.S. Bancorp (NYSE:USB) in a report published on Monday, January 8th. They currently have a $63.00 price objective on the financial services provider’s stock. Jefferies Group also issued estimates for U.S. Bancorp’s Q4 2017 earnings at $0.87 EPS, FY2018 earnings at $4.07 EPS and FY2019 earnings at $4.30 EPS.
Several other research firms have also recently issued reports on USB. Vining Sparks restated a buy rating and set a $64.00 price objective on shares of U.S. Bancorp in a research report on Monday, January 8th. UBS Group lowered shares of U.S. Bancorp from a buy rating to a neutral rating and increased their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Piper Jaffray Companies raised shares of U.S. Bancorp from a neutral rating to an overweight rating and set a $61.00 target price for the company in a research note on Friday, January 5th. Zacks Investment Research raised shares of U.S. Bancorp from a sell rating to a hold rating in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a neutral rating for the company in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. U.S. Bancorp presently has a consensus rating of Hold and an average price target of $57.00.
Shares of U.S. Bancorp (USB) traded down $0.34 during midday trading on Monday, reaching $57.06. 2,480,959 shares of the company were exchanged, compared to its average volume of 6,554,132. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $96,031.45, a P/E ratio of 16.24, a PEG ratio of 1.93 and a beta of 0.85. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $58.50.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. equities analysts predict that U.S. Bancorp will post 4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. U.S. Bancorp’s dividend payout ratio is presently 34.09%.
Institutional investors have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $103,000. Horan Capital Advisors LLC. purchased a new position in shares of U.S. Bancorp during the 3rd quarter valued at approximately $112,000. Phocas Financial Corp. purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $109,000. Cerebellum GP LLC bought a new position in U.S. Bancorp during the fourth quarter worth $123,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in U.S. Bancorp by 1,211.9% during the third quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.
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About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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