U.S. Bancorp (NYSE:USB) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of U.S. Bancorp in a research note issued on Tuesday. Jefferies Group analyst K. Usdin expects that the firm will post earnings of $0.79 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $44.00 price target on the stock. Jefferies Group also issued estimates for U.S. Bancorp’s Q2 2017 earnings at $0.86 EPS, Q3 2017 earnings at $0.91 EPS and Q4 2017 earnings at $0.89 EPS.

Other analysts have also issued reports about the stock. Nomura reissued a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Wells Fargo & Co. reissued a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Deutsche Bank AG reissued a “hold” rating on shares of U.S. Bancorp in a research report on Sunday, June 26th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research report on Saturday, September 17th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.21.

Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

Shares of U.S. Bancorp (NYSE:USB) traded down 1.43% on Thursday, hitting $42.78. 3,607,959 shares of the stock traded hands. U.S. Bancorp has a 12-month low of $37.07 and a 12-month high of $44.58. The stock has a market cap of $73.22 billion, a price-to-earnings ratio of 13.41 and a beta of 0.82. The stock has a 50-day moving average price of $43.33 and a 200 day moving average price of $42.09.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The business earned $5.45 billion during the quarter. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. U.S. Bancorp’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share.

A number of large investors have recently bought and sold shares of USB. Chicago Partners Investment Group LLC boosted its position in shares of U.S. Bancorp by 13.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,606 shares of the financial services provider’s stock worth $105,000 after buying an additional 306 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of U.S. Bancorp during the second quarter worth about $106,000. First Personal Financial Services boosted its position in shares of U.S. Bancorp by 40.7% in the second quarter. First Personal Financial Services now owns 2,784 shares of the financial services provider’s stock worth $112,000 after buying an additional 806 shares during the last quarter. Bellwether Investment Group LLC bought a new position in shares of U.S. Bancorp during the second quarter worth about $116,000. Finally, Hudock Capital Group LLC boosted its position in shares of U.S. Bancorp by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,734 shares of the financial services provider’s stock worth $150,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.

In other U.S. Bancorp news, EVP Craig E. Gifford sold 2,500 shares of U.S. Bancorp stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $41.87, for a total transaction of $104,675.00. Following the sale, the executive vice president now owns 49,881 shares in the company, valued at $2,088,517.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of U.S. Bancorp stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the sale, the insider now owns 178,422 shares in the company, valued at approximately $7,493,724. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.58%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.26. U.S. Bancorp’s payout ratio is currently 35.00%.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

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