The price of U.S. Bancorp. (NYSE:USB) shares last traded on Wall Street rose 1.27% to $40.53.
USB stock price is now -3.45% away from the 50-day moving average and 3.57% away from the 200-day moving average. The market capitalization of the company currently stands at $63.25B.
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With the price target reduced from $52 to $45, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for U.S. Bancorp. (NYSE: USB). On March 28, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $47 to quote $53, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, CHOSY JAMES L, Senior EVP and General Counsel sold 21,582 shares of the company’s stock on Feb 16 ’24. The stock was sold for $895,070 at an average price of $41.47. Upon completion of the transaction, the Senior EVP and General Counsel now directly owns 164,880 shares in the company, valued at $6.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15 ’24, Chairman, President and CEO CECERE ANDREW sold 93,366 shares of the business’s stock. A total of $3,860,871 was realized by selling the stock at an average price of $41.35. This leaves the insider owning 1,081,432 shares of the company worth $43.83 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, U.S. Bancorp. has had a low of $29.33 and a high of $45.85. According to the stock market information, the enterprise value for the company is $65580441600, which is based on a 13.45 price-to-earnings ratio, a 9.60 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for USB is $41.9406 and a two-hundred day moving average price translates $39.13875 for the stock.
The latest earnings results from U.S. Bancorp. (NYSE: USB) was released for 2024-03-31. According to the Banks – Regional Company, earnings per share came in at 1.12, inline with analysts’ expectations of 1.12. This compares to $1.04 EPS in the same period last year. The net profit margin was 11.34% and return on equity was 9.25% for USB. The company reported revenue of $7.76 billion for the quarter, compared to $6.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.49 percent. For the current quarter, analysts expect USB to generate $6.8B in revenue.
