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

U.S. Bancorp (NYSE:USB) had its price target lifted by equities research analysts at Evercore ISI from $46.00 to $48.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target indicates a potential upside of 7.60% from the stock’s previous close.

USB has been the subject of several other reports. Wells Fargo & Company raised their target price on U.S. Bancorp from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Friday, December 15th. Barclays lifted their price objective on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 target price for the company in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.41.

U.S. Bancorp Stock Up 1.4 %

NYSE USB traded up $0.61 on Thursday, reaching $44.61. The company had a trading volume of 1,724,596 shares, compared to its average volume of 8,994,085. The stock has a market capitalization of $69.51 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.24 and a beta of 1.04. The company’s fifty day moving average is $41.92 and its 200 day moving average is $38.80. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. U.S. Bancorp’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 3.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock worth $2,535,903 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Large investors have recently bought and sold shares of the business. Scotia Capital Inc. increased its position in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 990 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of U.S. Bancorp by 292.1% during the 3rd quarter. National Bank of Canada FI now owns 1,386,413 shares of the financial services provider’s stock worth $44,555,000 after acquiring an additional 1,032,866 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after acquiring an additional 15,665 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of U.S. Bancorp by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock worth $286,874,000 after acquiring an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of U.S. Bancorp by 104.3% during the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after acquiring an additional 53,653 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

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.