U.S. Bancorp (NYSE:USB) Price Target Increased to $48.00 by Analysts at Evercore ISI

U.S. Bancorp (NYSE:USB) had its price target raised by Evercore ISI from $45.00 to $48.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an in-line rating on the financial services provider’s stock.

USB has been the subject of a number of other research reports. Barclays decreased their price objective on U.S. Bancorp from $56.00 to $52.00 and set an overweight rating for the company in a report on Thursday, April 18th. Keefe, Bruyette & Woods restated a market perform rating and issued a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Royal Bank of Canada reiterated an outperform rating and set a $47.00 target price on shares of U.S. Bancorp in a research note on Thursday, May 16th. Compass Point raised U.S. Bancorp from a neutral rating to a buy rating and upped their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company reduced their price objective on U.S. Bancorp from $50.00 to $48.00 and set an overweight rating for the company in a report on Thursday, April 18th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of Hold and an average price target of $46.02.

U.S. Bancorp Stock Down 0.0 %

Shares of U.S. Bancorp stock opened at $39.67 on Tuesday. The company’s fifty day simple moving average is $40.35 and its two-hundred day simple moving average is $41.69. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a market cap of $61.90 billion, a P/E ratio of 13.14, a PEG ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business posted $1.16 earnings per share. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Hedge Funds Weigh In On U.S. Bancorp

Several large investors have recently added to or reduced their stakes in USB. Norges Bank purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $827,370,000. Aristotle Capital Management LLC lifted its position in shares of U.S. Bancorp by 266.6% in the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after acquiring an additional 17,066,479 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. Boston Partners purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $154,517,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after purchasing an additional 2,598,163 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company 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.