U.S. Bancorp (NYSE:USB) – Equities research analysts at Wedbush dropped their Q1 2019 earnings estimates for U.S. Bancorp in a report issued on Wednesday, March 27th, Zacks Investment Research reports. Wedbush analyst P. Winter now anticipates that the financial services provider will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.02.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share.
USB traded up $0.54 during midday trading on Friday, reaching $51.21. The company had a trading volume of 8,816,250 shares, compared to its average volume of 6,817,300. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock has a market cap of $81.95 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.71 and a beta of 1.06. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $55.56.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, March 28th. U.S. Bancorp’s payout ratio is 36.10%.
In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now owns 61,737 shares of the company’s stock, valued at approximately $3,179,455.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the sale, the insider now directly owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Watch Point Trust Co raised its holdings in U.S. Bancorp by 7.8% in the 1st quarter. Watch Point Trust Co now owns 67,993 shares of the financial services provider’s stock worth $3,277,000 after purchasing an additional 4,934 shares in the last quarter. Sky Investment Group LLC raised its holdings in U.S. Bancorp by 55.6% in the 1st quarter. Sky Investment Group LLC now owns 11,050 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 3,950 shares in the last quarter. Dakota Wealth Management bought a new position in U.S. Bancorp in the 1st quarter worth $209,000. Brookstone Capital Management raised its holdings in U.S. Bancorp by 23.6% in the 1st quarter. Brookstone Capital Management now owns 5,793 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in U.S. Bancorp by 2.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 468,047 shares of the financial services provider’s stock worth $22,555,000 after purchasing an additional 10,851 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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