Deutsche Bank upgraded shares of U.S. Bancorp (NYSE:USB) from a hold rating to a buy rating in a research report report published on Thursday, January 25th, Marketbeat Ratings reports. The brokerage currently has $63.00 price objective on the financial services provider’s stock, up from their prior price objective of $60.00.
Several other research firms have also weighed in on USB. Instinet lowered U.S. Bancorp from a buy rating to a neutral rating and reduced their target price for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Nomura lowered U.S. Bancorp from a buy rating to a neutral rating and cut their price target for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Bank of America lowered U.S. Bancorp from a neutral rating to an underperform rating and cut their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Zacks Investment Research lowered U.S. Bancorp from a hold rating to a sell rating in a report on Tuesday, October 3rd. Finally, Robert W. Baird reaffirmed a hold rating and issued a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of Hold and a consensus target price of $58.13.
Shares of U.S. Bancorp (USB) opened at $53.97 on Thursday. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $58.50. The firm has a market capitalization of $89,560.00, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.78 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period last year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. equities analysts anticipate that U.S. Bancorp will post 4.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 34.19%.
Several hedge funds have recently modified their holdings of USB. Hudock Capital Group LLC increased its holdings in shares of U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after buying an additional 17 shares in the last quarter. BSW Wealth Partners increased its holdings in shares of U.S. Bancorp by 0.6% during the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock worth $207,000 after buying an additional 22 shares in the last quarter. D. Scott Neal Inc. increased its holdings in shares of U.S. Bancorp by 0.5% during the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock worth $391,000 after buying an additional 36 shares in the last quarter. Budros Ruhlin & Roe Inc. increased its holdings in shares of U.S. Bancorp by 0.5% during the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock worth $389,000 after buying an additional 39 shares in the last quarter. Finally, Green Square Capital LLC increased its holdings in shares of U.S. Bancorp by 0.4% during the second quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock worth $593,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 73.87% 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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