First Community Trust NA Has $1.38 Million Holdings in U.S. Bancorp (NYSE:USB)

First Community Trust NA trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,786 shares of the financial services provider’s stock after selling 503 shares during the period. U.S. Bancorp makes up about 1.0% of First Community Trust NA’s investment portfolio, making the stock its 23rd biggest position. First Community Trust NA’s holdings in U.S. Bancorp were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Parallel Advisors LLC boosted its position in U.S. Bancorp by 3.4% in the 2nd quarter. Parallel Advisors LLC now owns 19,860 shares of the financial services provider’s stock valued at $788,000 after buying an additional 648 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in U.S. Bancorp by 4.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 119,282 shares of the financial services provider’s stock worth $4,735,000 after purchasing an additional 5,603 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in U.S. Bancorp by 251.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 14,652 shares during the period. Renaissance Technologies LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $9,198,000. Finally, Excalibur Management Corp grew its position in shares of U.S. Bancorp by 4.2% during the 2nd quarter. Excalibur Management Corp now owns 10,325 shares of the financial services provider’s stock worth $410,000 after buying an additional 415 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

USB opened at $49.08 on Wednesday. The company has a market capitalization of $76.57 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 3.01 and a beta of 1.05. The business’s 50-day moving average price is $50.25 and its two-hundred day moving average price is $46.68. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

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

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.07%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp’s payout ratio is 61.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on USB shares. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.07.

About U.S. Bancorp

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.