Simmons Bank Has $1.44 Million Position in U.S. Bancorp (NYSE:USB)

Simmons Bank trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 5.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 36,284 shares of the financial services provider’s stock after selling 2,106 shares during the quarter. Simmons Bank’s holdings in U.S. Bancorp were worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of USB. Atria Wealth Solutions Inc. lifted its holdings in shares of U.S. Bancorp by 16.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 61,244 shares of the financial services provider’s stock valued at $2,661,000 after purchasing an additional 8,750 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of U.S. Bancorp by 6.9% in the 4th quarter. Kovack Advisors Inc. now owns 12,585 shares of the financial services provider’s stock valued at $545,000 after purchasing an additional 815 shares during the period. Paradigm Financial Partners LLC boosted its position in shares of U.S. Bancorp by 1.2% during the fourth quarter. Paradigm Financial Partners LLC now owns 33,258 shares of the financial services provider’s stock worth $1,439,000 after buying an additional 395 shares during the period. Marco Investment Management LLC lifted its stake in U.S. Bancorp by 3.5% in the 4th quarter. Marco Investment Management LLC now owns 9,436 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 321 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its holdings in shares of U.S. Bancorp by 4.0% in the fourth quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock valued at $670,000 after purchasing an additional 593 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Aleem Gillani acquired 10,000 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average cost of $44.99 per share, with a total value of $449,900.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded up $0.40 during midday trading on Wednesday, hitting $46.13. 6,185,075 shares of the company’s stock traded hands, compared to its average volume of 8,354,139. The firm has a fifty day moving average of $42.25 and a 200 day moving average of $41.75. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $71.98 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $46.38.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 earnings per share. On average, analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.25%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analyst Ratings Changes

USB has been the topic of a number of research reports. Evercore ISI upped their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada increased their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. UBS Group boosted their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.23.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.