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

U.S. Bancorp (NYSE:USB) had its price objective lifted by Evercore ISI from $45.00 to $48.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Oppenheimer dropped their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an outperform rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada restated an outperform rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. Wells Fargo & Company reduced their price target on U.S. Bancorp from $50.00 to $48.00 and set an overweight rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on U.S. Bancorp from $45.00 to $43.50 and set an overweight rating on the stock in a report on Wednesday, May 1st. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $45.00 price objective on shares of U.S. Bancorp in a report on Friday, June 21st. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $46.02.

U.S. Bancorp Trading Down 0.0 %

NYSE:USB opened at $39.67 on Tuesday. The firm has a market capitalization of $61.90 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.82 and a beta of 1.04. The business has a 50 day simple moving average of $40.35 and a 200 day simple moving average of $41.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85.

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

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Institutional Trading of U.S. Bancorp

Hedge funds have recently bought and sold shares of the company. Motley Fool Wealth Management LLC raised its holdings in U.S. Bancorp by 0.7% during the first quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after acquiring an additional 251 shares in the last quarter. Vestor Capital LLC grew its holdings in U.S. Bancorp by 1.5% in the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after buying an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its position in U.S. Bancorp by 1.4% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock worth $871,000 after buying an additional 264 shares during the period. Wealth Alliance boosted its position in shares of U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of U.S. Bancorp by 8.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 285 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

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.