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

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

U.S. Bancorp Stock Down 5.6 %

Shares of USB traded down $2.83 during midday trading on Thursday, reaching $48.07. 19,018,828 shares of the stock were exchanged, compared to its average volume of 9,127,549. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The firm has a 50 day simple moving average of $50.25 and a 200-day simple moving average of $46.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a market cap of $74.98 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.47 and a beta of 1.05.

U.S. Bancorp Announces Dividend

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

Insider Transactions at U.S. Bancorp

In related news, insider Jodi L. Richard sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was 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 of the company's stock, valued at approximately $6,363,603.70. This trade represents a 16.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on USB shares. Barclays lifted their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Stephens lifted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Evercore ISI increased their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and an average price target of $54.07.

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.