U.S. Bancorp (NYSE:USB) Stock Price Expected to Rise, Compass Point Analyst Says

U.S. Bancorp (NYSE:USB) had its price objective raised by stock analysts at Compass Point from $49.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price points to a potential upside of 16.91% from the company’s previous close.

Other analysts have also issued research reports about the stock. Stephens increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. DA Davidson raised their target price on U.S. Bancorp from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Piper Sandler raised their price objective on U.S. Bancorp from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $53.27.

U.S. Bancorp Price Performance

Shares of USB opened at $51.32 on Tuesday. The company’s 50-day moving average is $49.38 and its 200-day moving average is $45.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $80.06 billion, a PE ratio of 15.76, a PEG ratio of 3.08 and a beta of 1.03. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 EPS. Equities analysts forecast that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp declared that its board has authorized a stock buyback program on Thursday, September 12th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

Institutional Trading of U.S. Bancorp

Several hedge funds have recently modified their holdings of the stock. Redwood Wealth Management Group LLC bought a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC lifted its stake in shares of U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 441 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of U.S. Bancorp during the second quarter valued at about $30,000. Y.D. More Investments Ltd bought a new stake in shares of U.S. Bancorp during the second quarter worth about $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of U.S. Bancorp in the 2nd quarter worth about $40,000. Institutional investors 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.