U.S. Bancorp (NYSE:USB) is Camden National Bank’s 8th Largest Position

Camden National Bank boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,613 shares of the financial services provider’s stock after buying an additional 6,243 shares during the period. U.S. Bancorp comprises 2.9% of Camden National Bank’s investment portfolio, making the stock its 8th largest holding. Camden National Bank’s holdings in U.S. Bancorp were worth $9,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of USB. Shelton Capital Management boosted its position in U.S. Bancorp by 51.2% during the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares during the period. Twin Tree Management LP boosted its position in U.S. Bancorp by 63.2% during the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 13,295 shares during the period. Oarsman Capital Inc. boosted its position in U.S. Bancorp by 4.5% during the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 488 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in U.S. Bancorp by 16.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of U.S. Bancorp by 7.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock worth $10,954,000 after buying an additional 14,678 shares during the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

A number of brokerages have recently commented on USB. Vining Sparks reiterated a “buy” rating and set a $64.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Morgan Stanley upped their target price on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Jefferies Group restated a “buy” rating and issued a $63.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Finally, Nomura lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.22.

Shares of U.S. Bancorp (USB) traded up $0.30 during mid-day trading on Monday, hitting $56.98. The stock has a market cap of $94,560.00, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.93 and a beta of 0.85. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 earnings per share. analysts predict that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is 35.71%.

WARNING: This report was first posted by BBNS and is owned by of BBNS. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://baseballnewssource.com/markets/camden-national-bank-purchases-6243-shares-of-u-s-bancorp-usb/1817583.html.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.