U.S. Bancorp. (NYSE:USB) has a beta value of 1.06 and has seen 12.23 million shares traded in the last trading session. The company, currently valued at $70.28B, closed the last trade at $45.04 per share which meant it gained $0.28 on the day or 0.63% during that session. The USB stock price is -1.8% off its 52-week high price of $45.85 and 32.35% above the 52-week low of $30.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.11 million shares traded. The 3-month trading volume is 8.25 million shares.
The consensus among analysts is that U.S. Bancorp. (USB) is Buy stock at the moment, with a recommendation rating of 2.31. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 14 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.99.
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U.S. Bancorp. (NYSE:USB) trade information
Sporting 0.63% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the USB stock price touched $45.04 or saw a rise of 1.36%. Year-to-date, U.S. Bancorp. shares have moved 4.07%, while the 5-day performance has seen it change 6.35%. Over the past 30 days, the shares of U.S. Bancorp. (NYSE:USB) have changed 14.66%. Short interest in the company has seen 17.11 million shares shorted with days to cover at 2.01.
Wall Street analysts have a consensus price target for the stock at $58, which means that the shares’ value could jump 22.34% from current levels. The projected low price target is $42 while the price target rests at a high of $66. In that case, then, we find that the current price level is -46.54% off the targeted high while a plunge would see the stock lose 6.75% from current levels.
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 gained 7.21% over the past 6 months, with this year growth rate of -9.74%, compared to -4.30% for the industry. Revenue growth from the last financial year stood is estimated to be -2.60%.
14 analysts offering their estimates for the company have set an average revenue estimate of 6.92B for the current quarter. 14 have an estimated revenue figure of 6.94B for the next ending quarter. Year-ago sales stood 7.02B and 6.85B respectively for this quarter and the next, and analysts expect sales will shrink by -1.50% for the current quarter and -2.60% 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 -4.60% over the past 5 years. Earnings growth for 2024 is a modest 14.59% while over the next 5 years, the company’s earnings are expected to increase by 1.80%.
USB Dividends
U.S. Bancorp. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.95 at a share yield of 4.33%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.99%.
U.S. Bancorp. (NYSE:USB)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 135.37 million shares worth more than $6.05 billion. As of 2024-03-31, VANGUARD GROUP INC held 8.6944% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 110.91 million shares as of 2024-03-31. The firm’s total holdings are worth over $4.96 billion and represent 7.1231% of shares outstanding.
