Hills Bank & Trust Co. Raises Holdings in U.S. Bancorp (NYSE:USB)

Hills Bank & Trust Co. lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,512 shares of the financial services provider’s stock after purchasing an additional 3,827 shares during the period. U.S. Bancorp accounts for 0.9% of Hills Bank & Trust Co.’s holdings, making the stock its 27th biggest position. Hills Bank & Trust Co.’s holdings in U.S. Bancorp were worth $3,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Pineno Levin & Ford Asset Management Inc. grew its holdings in U.S. Bancorp by 3.6% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,750 shares of the financial services provider’s stock valued at $263,000 after buying an additional 200 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of U.S. Bancorp by 4.3% during the 4th quarter. Belpointe Asset Management LLC now owns 4,955 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 206 shares in the last quarter. First Personal Financial Services grew its holdings in shares of U.S. Bancorp by 3.3% during the 4th quarter. First Personal Financial Services now owns 6,491 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 207 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of U.S. Bancorp by 3.6% during the 4th quarter. Capital Investment Advisors LLC now owns 5,988 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 209 shares in the last quarter. Finally, Bell Rock Capital LLC grew its holdings in shares of U.S. Bancorp by 16.9% during the 4th quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Several analysts have recently issued reports on the company. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, January 28th. Oppenheimer raised their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.33.

U.S. Bancorp stock opened at $52.17 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $83.41 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.74 and a beta of 1.10. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $55.56.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 4.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.84%. U.S. Bancorp’s dividend payout ratio (DPR) is 36.10%.

In other news, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the transaction, the insider now directly owns 49,495 shares in the company, valued at $2,504,941.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the transaction, the insider now owns 39,330 shares of the company’s stock, valued at $2,026,674.90. The disclosure for this sale can be found here. Insiders have sold 37,233 shares of company stock valued at $1,907,734 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

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U.S. Bancorp 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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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