U.S. Bancorp (NYSE:USB) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

U.S. Bancorp (NYSE:USB) issued its earnings results on Thursday. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04, Zacks reports. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company earned $0.98 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp updated its FY 2025 guidance to EPS.

U.S. Bancorp Stock Up 0.2%

U.S. Bancorp stock opened at $45.32 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a market cap of $70.60 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The stock’s 50 day moving average price is $44.74 and its 200 day moving average price is $44.31.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.41%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USB. Morgan Stanley raised their target price on U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods cut their target price on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Citigroup raised their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Truist Financial raised their price target on U.S. Bancorp from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, Oppenheimer raised their price target on U.S. Bancorp from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.07.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the last quarter. Intech Investment Management LLC raised its holdings in U.S. Bancorp by 18.9% during the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares during the last quarter. 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.