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

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

U.S. Bancorp Stock Performance

NYSE USB opened at $38.21 on Friday. The company has a market cap of $59.53 billion, a P/E ratio of 10.08, a PEG ratio of 1.73 and a beta of 0.91. The company has a fifty day simple moving average of $42.73 and a 200 day simple moving average of $46.81. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

Analysts Set New Price Targets

A number of research firms have commented on USB. Raymond James restated an “outperform” rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. DA Davidson decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley dropped their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.66.

Insider Buying and Selling

In other news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last quarter. 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 boosted its position in U.S. Bancorp (NYSE:USB) by 323.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 48,274 shares of the financial services provider’s stock after acquiring an additional 36,863 shares during the period. Brighton Jones LLC’s holdings in U.S. Bancorp were worth $2,309,000 as of its most recent SEC filing. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

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.