U.S. Bancorp (NYSE:USB) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 12,655,802 shares, a decrease of 26.0% from the January 31st total of 17,109,742 shares. Based on an average trading volume of 9,413,690 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.
U.S. Bancorp (NYSE USB) opened at $54.15 on Wednesday. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $58.50. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. The firm has a market cap of $89,450.00, a PE ratio of 18.23, a PEG ratio of 1.82 and a beta of 0.89.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. analysts expect that U.S. Bancorp will post 4.05 earnings per share for the current year.
In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total transaction of $5,510,235.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.02, for a total transaction of $750,527.82. Following the completion of the transaction, the insider now directly owns 126,387 shares in the company, valued at approximately $6,953,812.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,016 shares of company stock valued at $9,356,775. 0.43% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtue Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $102,000. Meeder Asset Management Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $106,000. Phocas Financial Corp. purchased a new stake in shares of U.S. Bancorp during the second quarter worth approximately $109,000. Delpha Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $109,000. Finally, James Hambro & Partners purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $110,000. 74.42% of the stock is currently 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.
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