Oppenheimer reiterated their hold rating on shares of U.S. Bancorp (NYSE:USB) in a research report released on Wednesday morning.

A number of other equities research analysts have also recently weighed in on USB. Instinet cut shares of U.S. Bancorp from a buy rating to a neutral rating and cut their price objective for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Nomura cut shares of U.S. Bancorp from a buy rating to a neutral rating and cut their price objective for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Bank of America cut shares of U.S. Bancorp from a neutral rating to an underperform rating and cut their price objective for the company from $56.00 to $54.00 in a research note 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 set a $48.00 target price on shares of U.S. Bancorp in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $56.56.

Shares of U.S. Bancorp (USB) traded down $0.18 during midday trading on Wednesday, hitting $56.15. 9,220,000 shares of the company were exchanged, compared to its average volume of 5,710,000. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.69. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $93,180.00, a PE ratio of 16.00, a P/E/G ratio of 1.94 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. analysts expect that U.S. Bancorp will post 3.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, December 28th. U.S. Bancorp’s payout ratio is currently 34.19%.

Large investors have recently added to or reduced their stakes in the stock. City Holding Co. increased its stake in U.S. Bancorp by 28.9% in the 2nd quarter. City Holding Co. now owns 41,915 shares of the financial services provider’s stock worth $2,176,000 after purchasing an additional 9,405 shares in the last quarter. Atria Investments LLC increased its stake in U.S. Bancorp by 3.7% in the 2nd quarter. Atria Investments LLC now owns 10,813 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 388 shares in the last quarter. Waverton Investment Management Ltd increased its stake in U.S. Bancorp by 5.2% in the 2nd quarter. Waverton Investment Management Ltd now owns 1,052,420 shares of the financial services provider’s stock worth $54,642,000 after purchasing an additional 52,443 shares in the last quarter. Capital Investment Advisors LLC increased its stake in U.S. Bancorp by 2.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 4,372 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 84 shares in the last quarter. Finally, Tompkins Financial Corp increased its stake in U.S. Bancorp by 2.0% in the 2nd quarter. Tompkins Financial Corp now owns 9,525 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 190 shares in the last quarter. 73.98% of the stock is currently owned by hedge funds and other institutional investors.

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U.S. Bancorp Company Profile

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.

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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