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Does U.S. Bancorp (USB)’s Current Price Volatility Hinder Its Future Potential?

U.S. Bancorp (NYSE:USB) has a beta value of 0.97 and has seen 1.81 million shares traded in the recent trading session. The company, currently valued at $71.64B, closed the recent trade at $47.33 per share which meant it lost -$0.34 on the day or -0.71% during that session. The USB stock price is -27.83% off its 52-week high price of $60.50 and 18.89% above the 52-week low of $38.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.64 million shares traded. The 3-month trading volume is 9.92 million shares.

U.S. Bancorp (NYSE:USB) trade information

Sporting -0.71% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the USB stock price touched $47.33 or saw a rise of 0.96%. Year-to-date, U.S. Bancorp shares have moved 9.31%, while the 5-day performance has seen it change 0.72%. Over the past 30 days, the shares of U.S. Bancorp (NYSE:USB) have changed 13.69%. Short interest in the company has seen 11.67 million shares shorted with days to cover at 1.1.

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U.S. Bancorp (USB) estimates and forecasts

Figures show that U.S. Bancorp shares have underperformed across the wider relevant industry. The company’s shares have lost -0.08% over the past 6 months, with this year growth rate of -14.71%, compared to 8.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 12.10% and 18.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.80%.

8 analysts offering their estimates for the company have set an average revenue estimate of $6.59 billion for the current quarter. 6 have an estimated revenue figure of $7.1 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $5.66 billion and $5.57 billion respectively for this quarter and the next, and analysts expect sales will grow by 16.60% for the current quarter and 27.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.50% over the past 5 years. Earnings growth for 2023 is a modest 66.80% while over the next 5 years, the company’s earnings are expected to increase by 3.85%.

USB Dividends

U.S. Bancorp is expected to release its next earnings report on January 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.92 at a share yield of 4.03%. The company’s dividend yield has gone up over the past 12 months.

U.S. Bancorp (NYSE:USB)’s Major holders

Insiders own 0.13% of the company shares, while shares held by institutions stand at 77.03% with a share float percentage of 77.13%. Investors are also buoyed by the number of investors in a company, with U.S. Bancorp having a total of 2,064 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 119.81 million shares worth more than $5.51 billion. As of Jun 29, 2022, Berkshire Hathaway, Inc held 8.06% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 113.68 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $5.23 billion and represent 7.65% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.65% shares in the company for having 39.37 million shares of worth $1.81 billion while later fund manager owns 29.93 million shares of worth $1.38 billion as of Jun 29, 2022, which makes it owner of about 2.01% of company’s outstanding stock.

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