U.S. Bancorp (NYSE:USB) Stock Price Down 5.1%

U.S. Bancorp (NYSE:USB – Get Rating) shares traded down 5.1% during trading on Friday . The company traded as low as $34.31 and last traded at $34.49. 4,164,200 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 10,015,589 shares. The stock had previously closed at $36.36.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on USB. UBS Group raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $47.00 to $55.00 in a research note on Tuesday, January 10th. Piper Sandler decreased their price target on shares of U.S. Bancorp from $57.00 to $53.00 in a research note on Friday, March 10th. StockNews.com assumed coverage on shares of U.S. Bancorp in a research note on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the company from $52.00 to $58.00 in a research note on Monday, December 12th. Finally, Credit Suisse Group upped their price target on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.83.

U.S. Bancorp Stock Down 9.4 %

The company’s 50 day simple moving average is $46.40 and its 200-day simple moving average is $44.42. The firm has a market cap of $50.47 billion, a P/E ratio of 8.88, a PEG ratio of 1.09 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90.

U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. U.S. Bancorp had a net margin of 21.26% and a return on equity of 16.13%. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts forecast that U.S. Bancorp will post 5.01 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Thursday, March 30th. U.S. Bancorp’s payout ratio is currently 51.75%.

Institutional Investors Weigh In On U.S. Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in USB. Retirement Financial Solutions LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at approximately $25,000. Mach 1 Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth $26,000. Hollencrest Capital Management bought a new position in U.S. Bancorp in the 4th quarter worth $26,000. EWG Elevate Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at $28,000. Finally, SRS Capital Advisors Inc. grew its holdings in U.S. Bancorp by 46.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 673 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 71.83% of the company’s stock.

U.S. Bancorp Company Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.