In today’s recent session, 2,722,447 shares of the U.S. Bancorp (NYSE:USB) have been traded, and its beta is 1.16. Most recently the company’s share price was $56.35, and it changed around $0.12 or 0% from the last close, which brings the market valuation of the company to $85.05 Billion. USB at last check was trading at a discount to its 52-week high of $57.02, offering almost -1.19% off that amount. The share price’s 52-week low was $28.36, which indicates that the recent value has risen by an impressive 49.67% since then. We note from U.S. Bancorp’s average daily trading volume that its 10-day average is 7.84 Million shares, with the 3-month average coming to 8.2 Million.
U.S. Bancorp stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 26 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 13 recommended USB as a Hold, whereas 12 deemed it a Buy, and 1 rated it as Underweight. U.S. Bancorp is expected to report earnings per share of $0.94 for the current quarter.
U.S. Bancorp (NYSE:USB): Trading Information Today
Instantly USB has been showing a green trend so far today with a performance of 0.22% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $56.86 on Wednesday, Apr 07 increased the stock’s daily price by 0.72%. The company’s shares are currently up 0.21% year-to-date, but still up 0.0104 over the last five days. On the other hand, U.S. Bancorp (NYSE:USB) is 0.08% up in the 30-day period. We can see from the shorts that 15.95 Million shares have been sold at a short interest cover period of 1.95 day (s).
The consensus price target as assigned by Wall Street analysts is $58.08, which translates to bears needing to increase their stock price by 3.07% from its current value. Analyst projections state that USB is forecast to be at a low of $50 and a high of $68. In order for the stock price to hit the forecast high, the stock would need to surge +20.67% from its current level, while the stock would need to crash -11.27% from its current level to reach the projected low.
U.S. Bancorp (USB) projections and forecasts
U.S. Bancorp share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +52.92 percent over the past six months and at a 30.07% annual growth rate that is well below the industry average of 34.6%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +30.6% in revenue this quarter, and will report an increase of 134.1% in the next quarter. The year-over-year growth rate is expected to be -2.7%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $5.55 Billion in revenue for the current quarter. 9 analysts expect U.S. Bancorp to make $5.57 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $5.75 Billion and $5.81 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.5%. Forecasts for the next quarter put sales growth at -4.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.7%. U.S. Bancorp earnings are expected to decrease by -26.4% in 2021, but the outlook is positive 6% per year for the next five years.
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USB Dividend Yield
U.S. Bancorp’s next quarterly earnings report is expected to be released around April 15, 2021. The annual dividend yield of the stock is 2.99 percent and its annual dividend per share was $1.68. It is important to note, however, that the 2.99% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.79% per year.
U.S. Bancorp (NYSE:USB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.08% of U.S. Bancorp shares, and 76.38% of them are in the hands of institutional investors. The stock currently has a share float of 76.44%. U.S. Bancorp stock is held by 1954 institutions, with Berkshire Hathaway, Inc being the largest institutional investor. By Dec 30, 2020, it held 8.73% of the shares, which is about 131.14 Million shares worth $6.11 Billion.
Vanguard Group, Inc. (The), with 7.14% or 107.25 Million shares worth $5Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 38244875 shares worth $1.78 Billion, making up 2.55% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 27.47 Million shares worth around $1.28 Billion, which represents about 1.83% of the total shares outstanding.