Community Bank N.A. Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

Community Bank N.A. decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,812 shares of the financial services provider's stock after selling 8,606 shares during the period. Community Bank N.A.'s holdings in U.S. Bancorp were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Trading Down 1.2 %

NYSE:USB traded down $0.52 on Thursday, reaching $43.25. The company's stock had a trading volume of 8,171,117 shares, compared to its average volume of 8,077,514. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The stock has a 50 day moving average price of $45.87 and a 200 day moving average price of $47.57. The firm has a market cap of $67.39 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the firm earned $0.99 EPS. U.S. Bancorp's revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.62%. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on USB shares. Barclays boosted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Oppenheimer upped their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Finally, Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.48.

Insider Activity at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the sale, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company's stock.

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.