U.S. Bancorp (NYSE:USB) Stake Lessened by First Community Trust NA

First Community Trust NA decreased its position in shares of U.S. Bancorp (NYSE:USB) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,786 shares of the financial services provider’s stock after selling 503 shares during the period. U.S. Bancorp accounts for about 1.0% of First Community Trust NA’s investment portfolio, making the stock its 23rd largest holding. First Community Trust NA’s holdings in U.S. Bancorp were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in U.S. Bancorp by 25.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,464 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 2,720 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of U.S. Bancorp by 17.9% during the 4th quarter. Park Avenue Securities LLC now owns 174,861 shares of the financial services provider’s stock valued at $8,364,000 after acquiring an additional 26,566 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of U.S. Bancorp by 7.1% during the 4th quarter. Kathmere Capital Management LLC now owns 9,281 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 618 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter worth $339,000. Finally, R.H. Investment Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $3,872,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Compass Point boosted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Truist Financial initiated coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Finally, Evercore ISI raised their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.07.

U.S. Bancorp Price Performance

NYSE USB opened at $49.08 on Wednesday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a fifty day simple moving average of $50.25 and a 200 day simple moving average of $46.68. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a market cap of $76.57 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.01 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. On average, sell-side analysts predict that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.07%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.