First Citizens Financial Corp grew its position in U.S. Bancorp (NYSE:USB) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 16,377 shares of the financial services provider’s stock after purchasing an additional 1,375 shares during the quarter. U.S. Bancorp makes up about 0.7% of First Citizens Financial Corp’s investment portfolio, making the stock its 29th biggest position. First Citizens Financial Corp’s holdings in U.S. Bancorp were worth $763,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Chemung Canal Trust Co. raised its holdings in shares of U.S. Bancorp by 15.0% in the third quarter. Chemung Canal Trust Co. now owns 7,451 shares of the financial services provider’s stock valued at $267,000 after buying an additional 974 shares during the last quarter. Martin Capital Partners LLC raised its holdings in shares of U.S. Bancorp by 22.3% in the third quarter. Martin Capital Partners LLC now owns 110,280 shares of the financial services provider’s stock valued at $3,954,000 after buying an additional 20,101 shares during the last quarter. Hikari Power Ltd raised its holdings in shares of U.S. Bancorp by 8.1% in the third quarter. Hikari Power Ltd now owns 183,720 shares of the financial services provider’s stock valued at $6,586,000 after buying an additional 13,750 shares during the last quarter. Exeter Financial LLC raised its holdings in shares of U.S. Bancorp by 13.0% in the third quarter. Exeter Financial LLC now owns 49,852 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 5,720 shares during the last quarter. Finally, Sky Investment Group LLC raised its holdings in shares of U.S. Bancorp by 66.2% in the third quarter. Sky Investment Group LLC now owns 50,205 shares of the financial services provider’s stock valued at $1,800,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 71.73% of the company’s stock.
Shares of USB stock traded up $1.48 on Thursday, reaching $46.21. The company had a trading volume of 384,409 shares, compared to its average volume of 8,257,039. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The stock has a market cap of $69.61 billion, a PE ratio of 15.27, a PEG ratio of 2.26 and a beta of 1.09. The company has a 50-day moving average of $46.48 and a 200-day moving average of $41.02. U.S. Bancorp has a 12 month low of $28.36 and a 12 month high of $55.69.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 19th. The financial services provider reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.80 billion. U.S. Bancorp had a return on equity of 10.99% and a net margin of 18.68%. U.S. Bancorp’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 3.06 earnings per share for the current year.
U.S. Bancorp declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 22nd that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Thursday, December 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.64%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 38.71%.
A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their price target on U.S. Bancorp from $42.00 to $52.00 in a report on Thursday, December 10th. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, January 13th. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $44.00 to $52.00 in a report on Thursday, January 7th. TheStreet raised U.S. Bancorp from a “c” rating to a “b-” rating in a report on Thursday, October 15th. Finally, Barclays boosted their price objective on U.S. Bancorp from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.39.
U.S. Bancorp Profile
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.
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