U.S. Bancorp (NYSE:USB)‘s stock had its “hold” rating reiterated by equities researchers at Oppenheimer in a research report issued on Wednesday, January 17th. Oppenheimer also issued estimates for U.S. Bancorp’s Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.04 EPS and FY2019 earnings at $4.41 EPS.
A number of other equities analysts have also recently issued reports on USB. Instinet cut U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Nomura lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and an average price target of $58.13.
Shares of U.S. Bancorp (NYSE USB) traded up $1.10 during trading on Wednesday, hitting $53.75. The stock had a trading volume of 12,304,755 shares, compared to its average volume of 7,600,000. The stock has a market cap of $89,200.00, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $58.50.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts expect that U.S. Bancorp will post 4.03 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Twin Tree Management LP boosted its holdings in U.S. Bancorp by 63.2% during the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 13,295 shares in the last quarter. Oarsman Capital Inc. increased its stake in shares of U.S. Bancorp by 4.5% in the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 488 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of U.S. Bancorp by 16.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after acquiring an additional 52,380 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of U.S. Bancorp by 7.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after acquiring an additional 14,678 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of U.S. Bancorp by 2.6% in the 2nd quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after acquiring an additional 159,319 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors.
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About U.S. Bancorp
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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