Lockerman Financial Group Inc. Acquires New Position in U.S. Bancorp (NYSE:USB)

Lockerman Financial Group Inc. purchased a new stake in U.S. Bancorp (NYSE:USB) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 4,479 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other large investors have also modified their holdings of the business. Vestor Capital LLC raised its holdings in shares of U.S. Bancorp by 1.5% in the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 265 shares in the last quarter. Wealth Alliance raised its holdings in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of U.S. Bancorp by 8.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after buying an additional 285 shares during the last quarter. Finally, United Community Bank grew its position in shares of U.S. Bancorp by 0.7% in the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after buying an additional 289 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.04 during trading hours on Friday, hitting $39.72. The stock had a trading volume of 861,020 shares, compared to its average volume of 8,316,860. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a 50-day moving average price of $40.36 and a 200 day moving average price of $41.71. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The firm has a market capitalization of $61.98 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business posted $1.16 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $46.02.

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.