U.S. Bancorp (NYSE:USB – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $64.27 and last traded at $63.4520, with a volume of 1558160 shares. The stock had previously closed at $63.01.
The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.During the same period in the previous year, the business earned $1.11 earnings per share.
U.S. Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.
More U.S. Bancorp News
- Positive Sentiment: U.S. Bancorp beat quarterly earnings estimates, reporting $1.35 per share versus $1.28 expected, signaling stronger profitability than analysts anticipated. U.S. Bancorp (USB) Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Revenue rose 9.2% from a year ago to a record $7.71 billion, helped by loan growth, stronger fee income, and a boost from the BTIG acquisition. U.S. Bancorp Quarterly Revenue Rises to Record
- Positive Sentiment: U.S. Bancorp raised/updated its 2026 revenue outlook to $30.7 billion-$31.3 billion, suggesting management sees continued momentum ahead.
- Neutral Sentiment: Broader U.S. stock markets were mostly lower ahead of the opening bell, which may temper some of the stock’s reaction to the earnings beat. Stocks Mostly Down Pre-Bell as Investors Await More Earnings, Retail Sales Data
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Stephens started coverage on shares of U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of U.S. Bancorp from $57.50 to $65.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Oppenheimer lowered their price target on shares of U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, DA Davidson reiterated a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.31.
Check Out Our Latest Analysis on USB
Insiders Place Their Bets
In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the transaction, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On U.S. Bancorp
Several institutional investors and hedge funds have recently modified their holdings of USB. Bank & Trust Co raised its holdings in U.S. Bancorp by 5.7% in the 2nd quarter. Bank & Trust Co now owns 10,912 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 584 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $202,000. Annex Advisory Services LLC increased its position in shares of U.S. Bancorp by 1.7% in the second quarter. Annex Advisory Services LLC now owns 36,218 shares of the financial services provider’s stock valued at $2,188,000 after buying an additional 600 shares in the last quarter. Cardinal Capital Management Inc. raised its stake in shares of U.S. Bancorp by 5.4% during the 2nd quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock worth $19,725,000 after buying an additional 16,814 shares during the period. Finally, Tema ETFs LLC raised its stake in shares of U.S. Bancorp by 10.3% during the 2nd quarter. Tema ETFs LLC now owns 29,461 shares of the financial services provider’s stock worth $1,779,000 after buying an additional 2,755 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.
U.S. Bancorp Stock Up 0.2%
The business has a 50-day moving average price of $57.56 and a 200-day moving average price of $55.96. The stock has a market cap of $97.94 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.
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.
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