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

U.S. Bancorp (NYSE:USB - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06, RTT News reports. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the business posted $0.78 earnings per share. U.S. Bancorp updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

U.S. Bancorp Trading Down 1.9 %

Shares of USB traded down $0.71 during midday trading on Monday, hitting $37.49. The stock had a trading volume of 2,969,205 shares, compared to its average volume of 8,997,762. The stock's 50 day moving average is $42.55 and its 200 day moving average is $46.81. The firm has a market cap of $58.41 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.33%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on USB shares. DA Davidson decreased their target price on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, April 3rd. Bank of America decreased their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group decreased their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada cut their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.66.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company's stock, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Bancorp stock. Brighton Jones LLC lifted its position in U.S. Bancorp (NYSE:USB - Free Report) by 323.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,274 shares of the financial services provider's stock after purchasing an additional 36,863 shares during the period. Brighton Jones LLC's holdings in U.S. Bancorp were worth $2,309,000 at the end of the most recent 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.