Cribstone Capital Management LLC Sells 2,685 Shares of U.S. Bancorp (NYSE:USB)

Cribstone Capital Management LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 60.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,758 shares of the financial services provider’s stock after selling 2,685 shares during the quarter. Cribstone Capital Management LLC’s holdings in U.S. Bancorp were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Simon Quick Advisors LLC boosted its stake in shares of U.S. Bancorp by 1,060.0% during the fourth quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 424 shares in the last quarter. Lenox Wealth Advisors LLC acquired a new stake in shares of U.S. Bancorp during the third quarter valued at about $33,000. Bridger Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the third quarter valued at about $33,000. Old North State Trust LLC boosted its stake in shares of U.S. Bancorp by 99.1% during the third quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 332 shares in the last quarter. Finally, Glassman Wealth Services boosted its stake in shares of U.S. Bancorp by 100.6% during the third quarter. Glassman Wealth Services now owns 985 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 494 shares in the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.

In related news, insider Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total value of $303,581.19. Following the completion of the sale, the insider now owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Cecere sold 165,564 shares of U.S. Bancorp stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.81, for a total value of $9,736,818.84. Following the transaction, the chief executive officer now owns 900,118 shares in the company, valued at $52,935,939.58. The disclosure for this sale can be found here. Insiders have sold a total of 229,161 shares of company stock worth $13,483,396 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Several equities analysts have issued reports on USB shares. JPMorgan Chase & Co. lowered U.S. Bancorp from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $58.00 to $55.50 in a research note on Thursday. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Goldman Sachs Group downgraded U.S. Bancorp from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a report on Monday, January 6th. UBS Group upped their price target on U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Odeon Capital Group started coverage on U.S. Bancorp in a report on Thursday, December 5th. They set a “hold” rating for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.78.

Shares of NYSE USB opened at $54.70 on Thursday. The business’s fifty day moving average price is $59.16 and its 200-day moving average price is $56.05. The stock has a market capitalization of $88.39 billion, a PE ratio of 13.34, a P/E/G ratio of 2.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a one year low of $47.57 and a one year high of $61.11.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.78 billion. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.07%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 40.98%.

U.S. Bancorp Profile

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

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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