U.S. Bancorp (USB) To Go Ex-Dividend on March 31st

U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st.

U.S. Bancorp has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. U.S. Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 43.2%.

U.S. Bancorp Stock Down 1.4%

USB opened at $50.89 on Friday. The business’s fifty day simple moving average is $55.19 and its 200 day simple moving average is $51.79. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $78.99 billion, a PE ratio of 11.01, a P/E/G ratio of 0.93 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Empowered Funds LLC boosted its holdings in shares of U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares during the period. Intech Investment Management LLC grew its stake in shares of U.S. Bancorp by 18.9% in the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in U.S. Bancorp during the 2nd quarter valued at about $425,000. Finally, Elevation Point Wealth Partners LLC raised its position in U.S. Bancorp by 4.6% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 11,002 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.