AT Bancorp Has $938,000 Holdings in U.S. Bancorp (USB)

AT Bancorp raised its holdings in U.S. Bancorp (NYSE:USB) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,530 shares of the financial services provider’s stock after buying an additional 1,888 shares during the period. AT Bancorp’s holdings in U.S. Bancorp were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of USB. WESPAC Advisors SoCal LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $27,000. Gantzert Investment Co. LLC ADV acquired a new stake in U.S. Bancorp in the fourth quarter valued at $32,000. ERTS Wealth Advisors LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $36,000. Centerpoint Advisors LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $45,000. Finally, Athena Capital Advisors LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $46,000. Institutional investors own 74.76% of the company’s stock.

USB opened at $50.37 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. U.S. Bancorp has a one year low of $43.14 and a one year high of $55.56. The stock has a market cap of $83.93 billion, a PE ratio of 12.29, a PEG ratio of 1.72 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, March 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.10%.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the sale, the insider now owns 61,737 shares in the company, valued at $3,179,455.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

A number of analysts have weighed in on USB shares. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, December 18th. Standpoint Research cut U.S. Bancorp from a “buy” rating to a “hold” rating and raised their price target for the company from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Deutsche Bank cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.00.

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About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Further Reading: Why is insider trading harmful?

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

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