November 30, 2016 - By Darrin Black
Stock research analysts at Wedbush have $50 target price on U.S. Bancorp (NYSE:USB). Wedbush’s target price indicates a potential upside of 1.83% from the company’s current price. The rating was disclosed to clients in an analyst report on Wednesday morning.
Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is -6.46% below today’s ($49.1) stock price. U.S. Bancorp has been the topic of 40 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained U.S. Bancorp (NYSE:USB) on Wednesday, August 12 with “Hold” rating. The rating was downgraded by Deutsche Bank on Tuesday, April 26 to “Hold”. Guggenheim downgraded the shares of USB in a report on Wednesday, April 6 to “Neutral” rating. The firm earned “Outperform” rating on Tuesday, January 19 by RBC Capital Markets. Robert W. Baird upgraded the shares of USB in a report on Thursday, January 14 to “Outperform” rating. The firm earned “Buy” rating on Friday, August 28 by Guggenheim. As per Wednesday, July 22, the company rating was initiated by Canaccord Genuity. The firm has “Neutral” rating by PiperJaffray given on Wednesday, November 16. As per Tuesday, November 24, the company rating was initiated by Piper Jaffray. The rating was upgraded by Deutsche Bank on Tuesday, September 8 to “Buy”.
The stock closed at $49.1 during the last session. It is down 12.80% since April 27, 2016 and is uptrending. It has outperformed by 7.57% the S&P500.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 20. They expect $0.81 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.38 billion for 15.15 P/E if the $0.81 EPS becomes a reality. After $0.84 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.02, from 0.99 in 2016Q1. The ratio is negative, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
Park Oh last reported 1.6% of its portfolio in the stock. Cornerstone Advisors owns 27,100 shares or 0.27% of their US portfolio. Ahl Ptnrs Limited Liability Partnership has 7,887 shares for 0.02% of their US portfolio. The Michigan-based Bluestein R H & has invested 2.62% in U.S. Bancorp (NYSE:USB). Liberty Mutual Grp Inc Asset Management holds 107,651 shares or 0.16% of its portfolio. Professional Advisory Service, a Florida-based fund reported 394,852 shares. Iab Fin Bank & Trust, a Indiana-based fund reported 5,000 shares. Sector Pension Invest Board reported 307,486 shares or 0.14% of all its holdings. Bkd Wealth Advisors Ltd has 0.27% invested in the company for 45,569 shares. Taurus Asset Management Limited Co has 2.06% invested in the company for 290,262 shares. Dorsey Whitney Ltd Liability Com holds 241,257 shares or 2.23% of its portfolio. Equity Inv Ga accumulated 3.53% or 2.81 million shares. Abner Herrman Brock Ltd Liability Corporation holds 0.69% of its portfolio in U.S. Bancorp (NYSE:USB) for 73,191 shares. Moreover, Ruffer Ltd Liability Partnership has 0.48% invested in U.S. Bancorp (NYSE:USB) for 262,421 shares. Community Bancorporation Na holds 0.44% of its portfolio in U.S. Bancorp (NYSE:USB) for 46,728 shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 sales for $86.97 million net activity. KIRTLEY OLIVIA F sold $62,333 worth of stock or 1,454 shares. Another trade for 40,000 shares valued at $1.75 million was made by Elmore John R. on Tuesday, October 25. CECERE ANDREW sold 416,219 shares worth $18.67 million. $2.00M worth of shares were sold by CARLSON JENNIE P on Thursday, October 20. DOLAN TERRANCE R sold 2,700 shares worth $119,340. Shares for $104,675 were sold by Gifford Craig E. Stone Kent V. sold $1.26 million worth of U.S. Bancorp (NYSE:USB) on Friday, July 22.
U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.80 billion. The Company’s banking subsidiary, U.S. It has a 15.21 P/E ratio. Bank National Association, is engaged in the general banking business in domestic markets.
According to Zacks Investment Research, “U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.”
U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.
More recent U.S. Bancorp (NYSE:USB) news were published by: Businesswire.com which released: “U.S. Bancorp to Speak at the Goldman Sachs US Financial Services Conference 2016” on November 29, 2016. Also Forbes.com published the news titled: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016. Nasdaq.com‘s news article titled: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” with publication date: November 16, 2016 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Darrin Black