Oppenheimer Issues Positive Forecast for U.S. Bancorp (NYSE:USB) Stock Price

U.S. Bancorp (NYSE:USB - Free Report) had its price target raised by Oppenheimer from $62.00 to $63.00 in a research note published on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider's stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a research report on Thursday, October 17th. Stephens lifted their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a research report on Thursday, October 24th. Finally, Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Price Performance

USB stock traded up $0.37 during midday trading on Friday, reaching $48.40. The stock had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The company's fifty day simple moving average is $50.18 and its 200 day simple moving average is $46.78. The company has a market cap of $75.50 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its position in shares of U.S. Bancorp by 4.4% during the third quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 201 shares in the last quarter. McAdam LLC raised its stake in shares of U.S. Bancorp by 2.5% during the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 209 shares in the last quarter. HCR Wealth Advisors increased its position in shares of U.S. Bancorp by 1.1% during the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after purchasing an additional 211 shares in the last quarter. Priebe Wealth Holdings LLC grew its holdings in shares of U.S. Bancorp by 4.4% during the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after buying an additional 215 shares during the last quarter. Finally, Essex Savings Bank boosted its holdings in U.S. Bancorp by 1.8% in the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Company Profile

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.