Busey Bank Decreases Position in U.S. Bancorp (NYSE:USB)

Busey Bank decreased its stake in U.S. Bancorp (NYSE:USB) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,226 shares of the financial services provider’s stock after selling 1,261 shares during the quarter. Busey Bank’s holdings in U.S. Bancorp were worth $8,190,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the last quarter. Frazier Financial Advisors LLC raised its position in U.S. Bancorp by 222.7% in the 3rd 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 period. Global Wealth Strategies & Associates lifted its stake in U.S. Bancorp by 70.8% in 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. Albion Financial Group UT lifted its stake in U.S. Bancorp by 92.8% in the fourth quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 335 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $33,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.6 %

NYSE:USB opened at $47.65 on Thursday. The company’s 50 day moving average is $49.93 and its two-hundred day moving average is $47.30. The company has a market cap of $74.34 billion, a PE ratio of 12.57, a P/E/G ratio of 1.81 and a beta of 1.05. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on USB. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Wells Fargo & Company lifted their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.