U.S. Bancorp (NYSE:USB) Shares Purchased by Thomasville National Bank

Thomasville National Bank raised its position in U.S. Bancorp (NYSE:USB) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 662,228 shares of the financial services provider’s stock after purchasing an additional 11,043 shares during the period. U.S. Bancorp makes up approximately 2.3% of Thomasville National Bank’s investment portfolio, making the stock its 15th biggest position. Thomasville National Bank’s holdings in U.S. Bancorp were worth $31,674,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of USB. Redwood Wealth Management Group LLC bought a new position in shares of U.S. Bancorp during the second quarter worth about $25,000. Frazier Financial Advisors LLC lifted its position in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in U.S. Bancorp during the second quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in U.S. Bancorp during the third quarter worth about $40,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the sale, the insider now directly owns 129,790 shares of the company’s stock, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

USB has been the topic of several research reports. Compass Point increased their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Barclays raised their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Evercore ISI raised their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial initiated coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.07.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.26 on Monday, hitting $47.64. 2,361,137 shares of the company were exchanged, compared to its average volume of 6,081,087. The company’s 50 day moving average price is $50.20 and its two-hundred day moving average price is $46.55. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $74.32 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 3.01 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. Research analysts expect that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. U.S. Bancorp’s payout ratio is currently 61.16%.

About U.S. Bancorp

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.