Make Sure You Stick With U.S. Bancorp. (USB). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Update Regarding U.S. Bancorp Presentation at the RBC Capital Markets Global Financial Institutions Conference.

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Stocks Info

U.S. Bancorp. is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. The current market capitalization of U.S. Bancorp. is $67.14B. A total of 10.52 million shares were traded on the day, compared to an average of 9.73M shares.

In the most recent transaction, CHOSY JAMES L sold 21,582 shares of USB for 41.47 per share on Feb 16 ’24. After the transaction, the Senior EVP and General Counsel now owns 164,880 company shares. In a previous transaction on Feb 15 ’24, CECERE ANDREW sold 93,366 shares at 41.35 per share. USB shares that Chairman, President and CEO owns now total 1,081,432.

Among the insiders who sold shares, DOLAN TERRANCE R disposed of 26,583 shares on Jan 30 ’24 at a per-share price of $43.37. This resulted in the Vice Chair holding 144,236 shares of USB after the transaction. In another insider transaction, Welsh Timothy A sold 12,100 shares at $40.33 per share on Jan 18 ’24. Company shares held by the Vice Chair now total 106,958.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. U.S. Bancorp. pays an annual dividend of $1.93, resulting in a dividend yield of 4.48%, and it has a price to earnings (P/E) ratio of 13.15. USB’s most recent ex-dividend date was 12/28/2023 when it declared a $0.49 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 9/28/2023. The USB stock dividend was $0.48 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, USB has a high of $47.56 and a low of $27.27.

As of this writing, USB has an earnings estimate of $0.9 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.93 per share and a lower estimate of $0.86. The company reported an EPS of $1.05 in the last quarter, which was 2.90% higher than expectations of $1.02.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $31.13, while its Total Shareholder’s Equity was $55.39B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.78.

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