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Tuesday, January 31, 2023

What Are The Chances Of U.S. Bancorp (NYSE: USB) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for U.S. Bancorp (USB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.34, or 0.75%, to $45.97. The U.S. Bancorp has recorded 839,561 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Building a Pathway to Homeownership With Students in Little Rock, Arkansas.


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Stocks Info

As a NYSE listed company, USB falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $45.63 and fluctuated between $45.94 as its day high and $44.92 as its day low. The current market capitalization of U.S. Bancorp is $70.21B. A total of 9.13 million shares were traded on the day, compared to an average of 10.05M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, USB has seen 4 BUY and 7 SELL insider trades, representing the acquisition of 116,052 and the disposition of 160,669 shares. Over the last 12 months, there were 28 BUYs and 44 SELLs from insiders. Insiders purchased 789,041 shares during that period but sold 415,259.

In the most recent transaction, CECERE ANDREW sold 84,948 shares of USB for 43.51 per share on Dec 12. After the transaction, the Chairman, President and CEO now owns 956,742 company shares. In a previous transaction on Nov 18, DOLAN TERRANCE R sold 15,000 shares at 43.34 per share. USB shares that Vice Chair & CFO owns now total 138,051.

Among the insiders who sold shares, Welsh Timothy A disposed of 19,000 shares on Nov 08 at a per-share price of $43.91. This resulted in the Vice Chair holding 92,623 shares of USB after the transaction. In another insider transaction, von Gillern Jeffry H. sold 27,183 shares at $43.99 per share on Nov 08. Company shares held by the Vice Chair now total 128,204.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. U.S. Bancorp pays an annual dividend of $1.92, resulting in a dividend yield of 4.21%, and it has a price to earnings (P/E) ratio of 10.88. USB’s most recent ex-dividend date was 12/29/2022 when it declared a $0.48 quarterly dividend that was paid in cash on 1/17/2023. Previously, the company paid the dividend on 10/17/2022 with an ex-dividend date of 9/29/2022. The USB stock dividend was $0.48 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for USB in the last 3 months, the mean price target is $52.75 with high estimates of $70.00 and low estimates of $42.00. In terms of 52-week highs and lows, USB has a high of $60.50 and a low of $38.39.

As of this writing, USB has an earnings estimate of $1.2 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.1. The company reported an EPS of $1.09 in the last quarter, which was 1.90% higher than expectations of $1.07.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for USB is Sell with a score of 3.67. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 14 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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