U.S. Bancorp (NYSE:USB) Announces Quarterly Earnings Results

U.S. Bancorp (NYSE:USB - Get Free Report) released its earnings results on Thursday. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01, RTT News reports. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company posted $0.99 EPS. U.S. Bancorp's revenue was up 3.7% compared to the same quarter last year. U.S. Bancorp updated its FY 2025 guidance to EPS.

U.S. Bancorp Stock Performance

USB traded down $2.83 during trading on Thursday, hitting $48.07. 19,014,592 shares of the stock were exchanged, compared to its average volume of 8,760,464. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a fifty day moving average price of $50.25 and a two-hundred day moving average price of $46.71. The firm has a market capitalization of $74.98 billion, a P/E ratio of 14.70, a PEG ratio of 2.47 and a beta of 1.05.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.16%. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on USB shares. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Oppenheimer decreased their target price on U.S. Bancorp from $66.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price target on the stock. Finally, Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $54.07.

Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now directly owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.