Should You Hold US Bancorp (NYSE:USB)
- Lena Vasquez
Two analysts have provided estimates for First Bancorp's earnings. Sather Fin Gru has invested 1.49% in U.S. Bancorp (NYSE:USB). Barclays Capital maintained U.S. Bancorp (NYSE:USB) rating on Tuesday, January 3. The business is scheduled to report its next earnings report on Tuesday, July 24th. During the same quarter in the previous year, the company earned $0.82 earnings per share. sell-side analysts expect that U.S. Bancorp will post 4.05 EPS for the current year. During the same quarter in the prior year, the company earned $0.82 EPS. JP Morgan downgraded the shares of USB in report on Wednesday, January 31 to "Underweight" rating.
First Bancorp (NASDAQ:FBNC) last released its earnings results on Monday, January 29th. The financial services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.94 by $0.01. The firm had revenue of $63.72 million during the quarter, compared to the consensus estimate of $64.12 million. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%.
Other institutional investors have also recently bought and sold shares of the company. $1.10 million worth of U.S. Bancorp (NYSE:USB) was sold by Kelligrew James B on Friday, February 23. Parallax Volatility Advisers LP reported 177,702 shares. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $56.00 target price on shares of U.S. Bancorp in a report on Thursday, April 5th. Royal Bank of Canada upped their price objective on shares of U.S. Bancorp to $61.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. Altfest L J And Company has 0.34% invested in U.S. Bancorp (NYSE:USB). $54.85's average target is 6.50% above currents $51.5 stock price.
Since February 20, 2018, it had 0 insider buys, and 5 selling transactions for $9.81 million activity. von Gillern Jeffry H. sold $750,528 worth of stock or 13,641 shares. The company's stock declined 8.45% with the market as Pinebridge Investments Lp sold 299,805 shares. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 168,016 shares of company stock worth $9,356,775. BB&T Securities LLC grew its stake in shares of U.S. Bancorp by 0.7% during the 3rd quarter. Wells Fargo & Company MN lifted its holdings in First Bancorp by 26.8% during the 3rd quarter. According to their observations and findings, the stock could provide a high EPS of $0.99/share and a low EPS of $0.9/share. Sumitomo Mitsui Tru holds 0.33% in U.S. Bancorp (NYSE:USB) or 4.82 million shares. The company's quarterly revenue was up 3.7% compared to the same quarter past year. Truepoint Inc. now owns 3,070,777 shares of the financial services provider's stock valued at $3,071,000 after purchasing an additional 3,015,126 shares during the last quarter. Ruffer Ltd Liability Partnership holds 5.07% of its portfolio in U.S. Bancorp (NYSE:USB) for 2.33M shares.
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The stock decreased 0.08% or $0.01 during the last trading session, reaching $13.32. The ratio is positive due to USB positioning: 38 sold and 462 reduced. The stock has been active on the tape, now trading at $51.50, up from yesterday's close by 0.64%. The stock had a trading volume of 4,721,487 shares, compared to its average volume of 7,067,202. The company has a market cap of $83.49 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95.
The company now has an insider ownership of 0.2 Percent and Institutional ownership of 75.9 Percent. First Bancorp has a 12 month low of $27.50 and a 12 month high of $41.76.
The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.30 per share. More interesting news about LexinFintech Holdings Ltd. (NASDAQ:LX) were released by: Benzinga.com and their article: "36 Biggest Movers From Yesterday" published on April 19, 2018 as well as Benzinga.com's news article titled: "31 Stocks Moving In Wednesday's Mid-Day Session" with publication date: April 18, 2018. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. Deprince Race And Zollo holds 0.47% in U.S. Bancorp (NYSE:USB) or 396,829 shares.
U.S. Bancorp's insider ownership stands at 0.2 percent, while its insider transaction is -5.35 percent. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, as well as credit card services, leasing financing, import/export trade, asset-backed lending, agricultural finance, and other products.
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