U.S. Bancorp (NYSE:USB) Downgraded by BidaskClub to Sell

BidaskClub cut shares of U.S. Bancorp (NYSE:USB) from a hold rating to a sell rating in a research note published on Tuesday, August 1st.

Several other equities analysts also recently commented on USB. Royal Bank Of Canada restated a buy rating and set a $55.00 target price on shares of U.S. Bancorp in a research report on Tuesday, April 4th. Rafferty Capital Markets downgraded U.S. Bancorp from a buy rating to a hold rating and set a $53.00 target price for the company. in a research report on Thursday, April 20th. Wells Fargo & Company downgraded U.S. Bancorp from an outperform rating to a market perform rating and raised their target price for the stock from $38.48 to $52.31 in a research report on Thursday, May 4th. They noted that the move was a valuation call. Jefferies Group LLC restated a buy rating and set a $59.00 target price on shares of U.S. Bancorp in a research report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. reiterated a hold rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $52.85.

Shares of U.S. Bancorp (NYSE:USB) traded down 0.08% on Tuesday, reaching $51.68. 5,299,712 shares of the company’s stock traded hands. U.S. Bancorp has a 52 week low of $42.17 and a 52 week high of $56.61. The stock’s 50-day moving average price is $52.47 and its 200-day moving average price is $52.54. The stock has a market capitalization of $86.45 billion, a price-to-earnings ratio of 15.61 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post $3.44 EPS for the current year.

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U.S. Bancorp declared that its board has initiated a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $2.60 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of USB. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp during the second quarter worth about $103,000. Orrstown Financial Services Inc. boosted its position in U.S. Bancorp by 26.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,240 shares of the financial services provider’s stock worth $116,000 after buying an additional 475 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in U.S. Bancorp by 17.0% in the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after buying an additional 371 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in U.S. Bancorp during the first quarter worth about $155,000. Finally, WealthTrust Arizona LLC boosted its position in U.S. Bancorp by 31.8% in the first quarter. WealthTrust Arizona LLC now owns 3,033 shares of the financial services provider’s stock worth $156,000 after buying an additional 732 shares during the last quarter. 76.25% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full 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 machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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