U.S. Bancorp (NYSE:USB) has a beta value of 1.04 and has seen 4.15 million shares traded in the recent trading session. The company, currently valued at $78.93B, closed the recent trade at $50.58 per share which meant it gained $2.97 on the day or 6.24% during that session. The USB stock price is 0.22% off its 52-week high price of $50.47 and 33.55% above the 52-week low of $33.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.75 million shares traded. The 3-month trading volume is 7.63 million shares.
The consensus among analysts is that U.S. Bancorp (USB) is Buy stock at the moment, with a recommendation rating of 2.26. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.04.
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U.S. Bancorp (NYSE:USB) trade information
Sporting 6.24% in the green today, 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 $50.58 or saw a rise of 0.53%. Year-to-date, U.S. Bancorp shares have moved 16.87%, while the 5-day performance has seen it change 3.90%. Over the past 30 days, the shares of U.S. Bancorp (NYSE:USB) have changed 14.28%. Short interest in the company has seen 18.3 million shares shorted with days to cover at 2.54.
Wall Street analysts have a consensus price target for the stock at $54, which means that the shares’ value could jump 6.33% from the levels at last check today.. The projected low price target is $42.0 while the price target rests at a high of $65.0. In that case, then, we find that the latest price level in today’s session is -28.51% off the targeted high while a plunge would see the stock lose 16.96% from the levels at last check today..
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 21.32% over the past 6 months, with this year growth rate of -8.82%, compared to -2.10% for the industry. Revenue growth from the last financial year stood is estimated to be -2.60%.
11 analysts offering their estimates for the company have set an average revenue estimate of 6.98B for the current quarter. 8 have an estimated revenue figure of 6.92B for the next ending quarter. Year-ago sales stood 6.85B and 6.68B respectively for this quarter and the next, and analysts expect sales will grow by 1.90% 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 17.54% while over the next 5 years, the company’s earnings are expected to increase by 5.01%.
USB Dividends
U.S. Bancorp is expected to release its next earnings report on 2025-Jan-16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.97 at a share yield of 3.89%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.09%.
U.S. Bancorp (NYSE:USB)’s Major holders
Insiders own 0.13% of the company shares, while shares held by institutions stand at 79.54% with a share float percentage of 79.64%. Investors are also buoyed by the number of investors in a company, with U.S. Bancorp having a total of 2107.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 135.59 million shares worth more than $5.38 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.697% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 110.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.39 billion and represent 7.0906% of shares outstanding.
