U.S. Bancorp (USB) Hits New 1-Year Low at $48.45

U.S. Bancorp (NYSE:USB) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $48.45 and last traded at $48.63, with a volume of 5955319 shares. The stock had previously closed at $49.19.

USB has been the subject of several recent analyst reports. CIBC raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a report on Thursday, October 18th. Nomura decreased their target price on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, October 18th. UBS Group set a $56.00 target price on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Wedbush set a $58.00 target price on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.45.

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $78.78 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.59 and a beta of 0.90.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, beating the 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 firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.

In related news, Vice Chairman Terrance R. Dolan sold 15,524 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $52.91, for a total transaction of $821,374.84. Following the completion of the sale, the insider now directly owns 124,086 shares in the company, valued at $6,565,390.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the business’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 sale, the insider now owns 121,137 shares of the company’s stock, valued at $6,154,970.97. The disclosure for this sale can be found here. Insiders have sold 253,073 shares of company stock valued at $13,383,882 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stelac Advisory Services LLC bought a new stake in U.S. Bancorp during the third quarter valued at approximately $103,000. Vectors Research Management LLC bought a new position in shares of U.S. Bancorp in the third quarter worth approximately $101,000. TLP Group LLC boosted its position in shares of U.S. Bancorp by 77.9% in the third quarter. TLP Group LLC now owns 2,688 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 1,177 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of U.S. Bancorp in the second quarter worth approximately $135,000. Finally, Field & Main Bank boosted its position in shares of 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 worth $159,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 75.20% of the company’s stock.

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U.S. Bancorp Company Profile (NYSE:USB)

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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