SlateStone Wealth LLC Buys 829 Shares of U.S. Bancorp (NYSE:USB)

SlateStone Wealth LLC grew its stake in shares of U.S. Bancorp (NYSE:USB) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 48,901 shares of the financial services provider’s stock after acquiring an additional 829 shares during the quarter. SlateStone Wealth LLC’s holdings in U.S. Bancorp were worth $2,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of USB. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the third quarter valued at about $30,000. Finally, Naples Money Management LLC bought a new position in U.S. Bancorp in the fourth quarter valued at about $30,000. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on USB. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Barclays decreased their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. DA Davidson decreased their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. UBS Group decreased their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.14.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp 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 directly owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 0.2 %

NYSE:USB traded up $0.09 on Wednesday, hitting $41.06. The stock had a trading volume of 454,205 shares, compared to its average volume of 8,708,934. The business’s fifty day moving average is $42.34 and its 200 day moving average is $40.03. The company has a market cap of $63.98 billion, a PE ratio of 13.56, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.77%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

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.