Bainco International Investors Increases Stake in U.S. Bancorp (USB)

Bainco International Investors increased its stake in shares of U.S. Bancorp (NYSE:USB) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,312 shares of the financial services provider’s stock after acquiring an additional 6,110 shares during the period. U.S. Bancorp comprises 1.5% of Bainco International Investors’ holdings, making the stock its 18th largest position. Bainco International Investors’ holdings in U.S. Bancorp were worth $9,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of USB. Stelac Advisory Services LLC acquired a new stake in U.S. Bancorp during the second quarter worth about $103,000. SRS Capital Advisors Inc. grew its holdings in U.S. Bancorp by 17.0% during the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 371 shares during the period. Orrstown Financial Services Inc. grew its holdings in U.S. Bancorp by 30.4% during the second quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 681 shares during the period. Hudock Capital Group LLC grew its holdings in U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares during the period. Finally, Carroll Financial Associates Inc. grew its holdings in U.S. Bancorp by 16.6% during the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 555 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

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U.S. Bancorp (NYSE USB) opened at $51.61 on Monday. The firm has a market capitalization of $85,646.33, a P/E ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.86. U.S. Bancorp has a 1 year low of $47.43 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. sell-side analysts expect that U.S. Bancorp will post 3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio (DPR) is 35.61%.

Several analysts recently commented on the company. Wells Fargo & Company assumed coverage on U.S. Bancorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 target price on the stock. BidaskClub lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Bank of America Corporation lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $56.00 to $54.00 in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 target price on shares of U.S. Bancorp in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.82.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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