U.S. Bancorp (NYSE:USB) Price Target Lowered to $54.00 at Oppenheimer

U.S. Bancorp (NYSE:USB) had its price objective decreased by investment analysts at Oppenheimer from $55.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective would indicate a potential upside of 37.47% from the company’s current price.

A number of other equities research analysts have also commented on the company. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Stephens downgraded shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 20th. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Evercore ISI boosted their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.04.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.24 during mid-day trading on Thursday, reaching $39.28. The stock had a trading volume of 1,446,505 shares, compared to its average volume of 8,675,804. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The firm’s 50 day simple moving average is $42.33 and its 200 day simple moving average is $39.72. The firm has a market cap of $61.20 billion, a PE ratio of 12.02, a P/E/G ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts forecast that U.S. Bancorp will post 3.87 EPS for the current year.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USB. BCK Partners Inc. bought a new position in U.S. Bancorp during the 1st quarter worth approximately $2,514,000. Acadian Asset Management LLC lifted its position in U.S. Bancorp by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of U.S. Bancorp by 20.8% in the first quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 3,663 shares in the last quarter. Prudential PLC purchased a new position in U.S. Bancorp during the 1st quarter worth $1,731,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in U.S. Bancorp by 5.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock worth $4,573,000 after purchasing an additional 4,827 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.