U.S. Bancorp (NYSE:USB) – Investment analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for U.S. Bancorp in a research note issued to investors on Tuesday. Jefferies Group analyst K. Usdin forecasts that the firm will post earnings per share of $0.79 for the quarter. Jefferies Group currently has a “Hold” rating and a $44.00 price objective 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.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $5.45 billion for the quarter. U.S. Bancorp had a return on equity of 14.05% and a net margin of 26.56%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS.
USB has been the subject of several other research reports. Credit Suisse Group AG restated a “hold” rating on shares of U.S. Bancorp in a research report on Tuesday, July 12th. Wells Fargo & Co. restated a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of U.S. Bancorp in a research report on Saturday, September 17th. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 11th. Finally, Credit Agricole SA boosted their target price on U.S. Bancorp from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and an average target price of $45.21.
Shares of U.S. Bancorp (NYSE:USB) traded down 1.43% during mid-day trading on Thursday, reaching $42.78. The company’s stock had a trading volume of 3,607,959 shares. U.S. Bancorp has a one year low of $37.07 and a one year high of $44.58. The firm has a market cap of $73.22 billion, a PE ratio of 13.41 and a beta of 0.82. The firm’s 50 day moving average is $43.33 and its 200 day moving average is $42.09.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.58%. U.S. Bancorp’s payout ratio is 35.00%.
In other news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the sale, the insider now directly owns 178,422 shares of the company’s stock, valued at $7,493,724. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig E. Gifford sold 2,500 shares of the business’s 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 directly owns 49,881 shares in the company, valued at $2,088,517.47. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Community Bank N.A. raised its stake in shares of U.S. Bancorp by 5.9% in the third quarter. Community Bank N.A. now owns 49,507 shares of the financial services provider’s stock worth $2,122,000 after buying an additional 2,779 shares during the period. Canandaigua National Bank & Trust Co. raised its stake in shares of U.S. Bancorp by 5.8% in the third quarter. Canandaigua National Bank & Trust Co. now owns 10,911 shares of the financial services provider’s stock worth $468,000 after buying an additional 600 shares during the period. Prospera Financial Services Inc bought a new stake in shares of U.S. Bancorp during the third quarter worth $209,000. CenturyLink Investment Management Co raised its stake in shares of U.S. Bancorp by 35.3% in the third quarter. CenturyLink Investment Management Co now owns 58,484 shares of the financial services provider’s stock worth $2,508,000 after buying an additional 15,262 shares during the period. Finally, Atria Investments LLC raised its stake in shares of U.S. Bancorp by 12.9% in the third quarter. Atria Investments LLC now owns 12,621 shares of the financial services provider’s stock worth $541,000 after buying an additional 1,439 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.
U.S. Bancorp Company Profile