Norwood Financial Corp Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Norwood Financial Corp raised its stake in U.S. Bancorp (NYSE:USB) by 1,065.0% during the 1st quarter, HoldingsChannel reports. The firm owned 1,165 shares of the financial services provider’s stock after acquiring an additional 1,065 shares during the period. Norwood Financial Corp’s holdings in U.S. Bancorp were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the fourth quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in U.S. Bancorp during the first quarter worth about $30,000. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USB shares. JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price target on shares of U.S. Bancorp in a report on Thursday, May 16th. Evercore ISI raised their price target on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a report on Tuesday. DA Davidson reduced their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.01 during trading on Friday, reaching $39.67. The company had a trading volume of 12,212,201 shares, compared to its average volume of 8,408,402. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85. The stock has a market capitalization of $61.90 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The stock has a 50-day moving average price of $40.35 and a two-hundred day moving average price of $41.69. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis 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 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.