Bank OZK Sells 1,476 Shares of U.S. Bancorp (USB)

Bank OZK decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,309 shares of the financial services provider’s stock after selling 1,476 shares during the period. U.S. Bancorp makes up approximately 1.4% of Bank OZK’s holdings, making the stock its 9th largest position. Bank OZK’s holdings in U.S. Bancorp were worth $3,607,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Field & Main Bank lifted its position in U.S. Bancorp by 49.9% in the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,000 shares during the period. Auxier Asset Management lifted its position in U.S. Bancorp by 8.6% in the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,000 shares during the period. Legacy Capital Partners Inc. lifted its position in U.S. Bancorp by 7.2% in the third quarter. Legacy Capital Partners Inc. now owns 14,841 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 1,000 shares during the period. Curbstone Financial Management Corp lifted its position in U.S. Bancorp by 2.4% in the third quarter. Curbstone Financial Management Corp now owns 42,950 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 1,000 shares during the period. Finally, Homrich & Berg lifted its position in U.S. Bancorp by 2.9% in the second quarter. Homrich & Berg now owns 35,620 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 1,018 shares during the period. Institutional investors and hedge funds own 74.42% of the company’s stock.

USB stock opened at $53.15 on Friday. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $85.07 billion, a PE ratio of 15.54, a P/E/G ratio of 1.71 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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 27.53% and a return on equity of 15.14%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the company posted $0.88 EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that U.S. Bancorp will post 4.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, September 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 43.27%.

In other news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $50.81, for a total transaction of $889,581.48. Following the completion of the transaction, the insider now directly owns 121,137 shares of the company’s stock, valued at approximately $6,154,970.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Andrew Cecere sold 183,374 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $52.95, for a total transaction of $9,709,653.30. Following the transaction, the chairman now directly owns 892,517 shares of the company’s stock, valued at $47,258,775.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,406 shares of company stock valued at $11,420,610. Corporate insiders own 0.43% of the company’s stock.

A number of brokerages recently commented on USB. Citigroup downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. UBS Group set a $56.00 price target on shares of U.S. Bancorp and gave the company a “hold” rating in a research report on Monday, October 22nd. Wedbush set a $58.00 price target on shares of U.S. Bancorp and gave the company a “hold” rating in a research report on Thursday, October 18th. Nomura reduced their price target on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, October 18th. Finally, CIBC upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.36.

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About U.S. Bancorp

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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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