U.S. Bancorp (NYSE:USB) – Equities researchers at Oppenheimer increased their FY2018 earnings per share (EPS) estimates for U.S. Bancorp in a research report issued on Tuesday, Zacks Investment Research reports. Oppenheimer analyst B. Chittenden now anticipates that the financial services provider will post earnings per share of $3.84 for the year, up from their prior forecast of $3.74. Oppenheimer currently has a “Hold” rating on the stock.

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U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS.

Other equities research analysts have also issued research reports about the stock. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $56.00 to $54.00 in a report on Monday, October 2nd. Barclays raised their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Vining Sparks reaffirmed a “hold” rating and issued a $61.00 price target on shares of U.S. Bancorp in a research note on Thursday. UBS Group downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price target for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Finally, Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $57.00.

U.S. Bancorp (NYSE:USB) traded down $0.12 during trading on Friday, hitting $57.99. 5,982,668 shares of the stock traded hands, compared to its average volume of 6,230,000. The company has a market cap of $96,230.00, a price-to-earnings ratio of 16.52, a PEG ratio of 1.94 and a beta of 0.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $58.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of USB. Hudock Capital Group LLC boosted its holdings in shares of 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 valued at $197,000 after buying an additional 17 shares in the last quarter. BSW Wealth Partners boosted its holdings in shares of U.S. Bancorp by 0.6% in the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after buying an additional 22 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in shares of U.S. Bancorp by 0.3% in the 2nd quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock valued at $576,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. boosted its holdings in shares of U.S. Bancorp by 0.5% in the 2nd quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after buying an additional 36 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. boosted its holdings in shares of U.S. Bancorp by 0.5% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after buying an additional 39 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 34.19%.

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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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Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

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