U.S. Bancorp’s (USB) “Buy” Rating Reiterated at Vining Sparks

U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reissued by Vining Sparks in a research note issued to investors on Monday, January 8th. They currently have a $64.00 price target on the financial services provider’s stock. Vining Sparks’ price target points to a potential upside of 12.32% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Instinet cut U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Citigroup reiterated a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a research report on Friday, October 6th. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.22.

Shares of U.S. Bancorp (NYSE:USB) traded up $0.30 during trading hours on Monday, reaching $56.98. 5,339,764 shares of the company were exchanged, compared to its average volume of 6,297,300. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $57.12. The company has a market capitalization of $94,560.00, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Twin Tree Management LP boosted its stake in shares of 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 valued at $1,782,000 after purchasing an additional 13,295 shares during the period. Oarsman Capital Inc. boosted its stake in shares of 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 valued at $593,000 after purchasing an additional 488 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 valued at $19,158,000 after purchasing an additional 52,380 shares during the period. Ontario Teachers Pension Plan Board boosted its stake 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 valued at $10,954,000 after purchasing an additional 14,678 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of U.S. Bancorp by 2.6% during the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after purchasing an additional 159,319 shares during the period. 73.98% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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