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. The stock was recently discussed on Yahoo Finance as it revealed that Wealth Management Head Ford Serves As Keynote Speaker at Black Excellence Awards.

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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. The current market capitalization of U.S. Bancorp. is $68.47B. A total of 5.7 million shares were traded on the day, compared to an average of 8.90M 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

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 $1.94, resulting in a dividend yield of 4.42%, and it has a price to earnings (P/E) ratio of 13.40. USB’s most recent ex-dividend date was 3/27/2024 when it declared a $0.49 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/28/2023. The USB stock dividend was $0.49 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. In terms of 52-week highs and lows, USB has a high of $45.85 and a low of $27.27.

As of this writing, USB has an earnings estimate of $0.88 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

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. Its Book Value Per Share was $31.13, while its Total Shareholder’s Equity was $55.39B.

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, 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 3.87.

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