Wilbanks Smith & Thomas Asset Management LLC Increases Position in U.S. Bancorp (USB)

Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of U.S. Bancorp (NYSE:USB) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,624 shares of the financial services provider’s stock after buying an additional 370 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in U.S. Bancorp were worth $1,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Stelac Advisory Services LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $103,000. SRS Capital Advisors Inc. lifted its stake in U.S. Bancorp by 17.0% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 371 shares in the last quarter. Pathstone Family Office LLC lifted its stake in U.S. Bancorp by 13.2% in the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 386 shares in the last quarter. Hudock Capital Group LLC lifted its stake in U.S. Bancorp by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in U.S. Bancorp by 16.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 555 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp (NYSE:USB) traded down $0.81 on Wednesday, hitting $54.82. The stock had a trading volume of 6,004,100 shares, compared to its average volume of 6,080,882. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $91,110.00, a P/E ratio of 16.51, a PEG ratio of 2.17 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. During the same period last year, the business earned $0.84 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts forecast that U.S. Bancorp will post 3.43 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. J P Morgan Chase & Co reduced their price objective on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Nomura increased their price objective on U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Morgan Stanley increased their price objective on U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. U.S. Bancorp currently has an average rating of “Hold” and a consensus price target of $54.20.

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About U.S. Bancorp

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.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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