Westhampton Capital LLC Takes Position in U.S. Bancorp (NYSE:USB)

Westhampton Capital LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,206 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Scientech Research LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter worth approximately $213,000. Northwestern Mutual Wealth Management Co. raised its position in U.S. Bancorp by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187,996 shares of the financial services provider’s stock valued at $7,463,000 after purchasing an additional 2,725 shares during the last quarter. NewEdge Advisors LLC boosted its stake in U.S. Bancorp by 11.8% in the second quarter. NewEdge Advisors LLC now owns 90,312 shares of the financial services provider’s stock worth $3,585,000 after purchasing an additional 9,506 shares in the last quarter. New Century Financial Group LLC bought a new stake in shares of U.S. Bancorp during the second quarter worth $363,000. Finally, Creekside Partners acquired a new stake in shares of U.S. Bancorp in the second quarter valued at $306,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USB. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Thursday, December 19th. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $47.65 on Thursday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $74.34 billion, a PE ratio of 12.57, a PEG ratio of 1.81 and a beta of 1.05. The stock’s fifty day simple moving average is $49.93 and its 200 day simple moving average is $47.30.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business posted $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts predict that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is 52.77%.

U.S. Bancorp Profile

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.