Caldwell Sutter Capital Inc. Boosts Holdings in U.S. Bancorp (NYSE:USB)

Caldwell Sutter Capital Inc. grew its position in shares of U.S. Bancorp (NYSE:USB) by 3.7% during the first quarter, HoldingsChannel reports. The firm owned 10,528 shares of the financial services provider’s stock after buying an additional 372 shares during the period. Caldwell Sutter Capital Inc.’s holdings in U.S. Bancorp were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in USB. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $27,000. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in shares of U.S. Bancorp in the first quarter worth $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB stock traded down $0.46 during trading on Wednesday, hitting $39.51. The company had a trading volume of 3,715,210 shares, compared to its average volume of 8,376,437. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average of $40.30 and a 200 day moving average of $41.62. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The firm has a market capitalization of $61.65 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business earned $1.16 earnings per share. U.S. Bancorp’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analysts Set New Price Targets

A number of analysts recently issued reports on USB shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target for the company. in a research note on Thursday, June 27th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Barclays decreased their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Evercore ISI lifted their price objective on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.84.

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.