Traders Buy Shares of U.S. Bancorp (USB) on Weakness

Share on StockTwits

Investors purchased shares of U.S. Bancorp (NYSE:USB) on weakness during trading on Wednesday. $72.49 million flowed into the stock on the tick-up and $40.36 million flowed out of the stock on the tick-down, for a money net flow of $32.13 million into the stock. Of all stocks tracked, U.S. Bancorp had the 9th highest net in-flow for the day. U.S. Bancorp traded down ($0.06) for the day and closed at $52.58

A number of analysts have recently weighed in on USB shares. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, September 18th. Wedbush set a $58.00 price target on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Thursday, October 18th. ValuEngine raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. UBS Group set a $56.00 price target on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, Nomura cut their price target on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $59.36.

The company has a market cap of $84.82 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. Equities analysts anticipate that U.S. Bancorp will post 4.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.37 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 27th. U.S. Bancorp’s dividend payout ratio is 43.27%.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $50.81, for a total value of $889,581.48. Following the completion of the transaction, the insider now directly owns 121,137 shares in the company, valued at approximately $6,154,970.97. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the company’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $52.91, for a total transaction of $821,374.84. Following the completion of the transaction, the insider now owns 124,086 shares of the company’s stock, valued at $6,565,390.26. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fulton Bank N.A. increased its position in shares of U.S. Bancorp by 18.2% during the second quarter. Fulton Bank N.A. now owns 15,603 shares of the financial services provider’s stock worth $780,000 after buying an additional 2,401 shares during the period. Nadler Financial Group Inc. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $202,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of U.S. Bancorp during the second quarter worth $627,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth $7,155,000. Finally, Northwest Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth $5,224,000. Hedge funds and other institutional investors own 74.42% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Traders Buy Shares of U.S. Bancorp (USB) on Weakness” was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://weekherald.com/2018/11/07/traders-buy-shares-of-u-s-bancorp-usb-on-weakness-2.html.

U.S. Bancorp Company Profile (NYSE:USB)

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Featured Story: Put Option

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply