U.S. Bancorp (NYSE:USB) was upgraded by equities research analysts at CIBC from a “market perform” rating to an “outperform” rating in a research report issued on Thursday.
A number of other equities analysts also recently weighed in on USB. ValuEngine downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Thursday. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Friday, October 12th. UBS Group raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Macquarie raised shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $62.00 in a research note on Wednesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.85.
Shares of NYSE USB opened at $52.90 on Thursday. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Bancorp will post 4.07 earnings per share for the current year.
In other news, Vice Chairman John R. Elmore sold 58,924 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the completion of the sale, the insider now owns 98,371 shares in the company, valued at approximately $5,086,764.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Horan Capital Management acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth approximately $109,000. Integrated Investment Consultants LLC acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth approximately $135,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of U.S. Bancorp during the 1st quarter worth approximately $141,000. Field & Main Bank grew its position in shares of U.S. Bancorp by 49.9% during the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,000 shares during the period. Finally, NEXT Financial Group Inc acquired a new position in U.S. Bancorp during the third quarter valued at approximately $181,000. Institutional investors own 74.29% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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