As of Thursday close, U.S. Bancorp’s (NYSE:USB) stock was down -$0.24, moving down -0.65 percent to $36.81. The average number of shares traded per day over the past five days has been 9,938,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.68 fall in that time frame. In the last twenty days, the average volume was 12,063,695, while in the previous 50 days, it was 13,729,644.
Since last month, USB stock retreated -5.40%. Shares of the company fell to $35.33 on 07/18/23, the lowest level in the past month. A 52-week high of $49.95 was reached on 01/26/23 after having rallying from a 52-week low of $27.27. Since the beginning of this year, USB’s stock price has dropped by -15.59% or -$6.80, and marked a new high 9 times. However, the stock has declined by -26.31% since its 52-week high.
USB stock investors should be aware that U.S. Bancorp (USB) stock had its last reported insider trading activity 8 days ago on Aug 10. Welsh Timothy A, the Vice Chair of the company, disposed of 13,816 shares for $39.79 on Aug 10. It resulted in a $549,780 divestment by the insider. DOLAN TERRANCE R sold 26,000 shares at an average price of $39.75 on Aug 08. The insider now owns 166,992 shares following the transaction. On May 08, Vice Chair Kelligrew James B bought 16,260 shares at $30.59 apiece. The transaction was valued at $497,475.
Valuation Metrics
Right now, U.S. Bancorp (USB) has a P/E ratio of about 10.23. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 2.28, the price-to-book (PB) ratio of 1.22, and the price-to-cash flow ratio of 3.94 may also be considered.
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48. On Tuesday September 13 2022, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.98, and the total debt-to-equity ratio was 0.98. In the year ended June 29, operating margins totaled 57.00%. Based on annual data, USB earned $14.73 billion in gross profit and brought in $17.95 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.70%. Return on equity (ROE) for the past 12 months was 12.30%.
In U.S. Bancorp’s quarter-end financial report for June 29, it reported total debt of $45.28 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected U.S. Bancorp to report $1.12 quarterly earnings, the actual figure was $1.12 per share. The value of shareholders’ equity is $1.53 billion.
Technical Picture
This quick technical analysis looks at U.S. Bancorp’s (USB) price momentum. With a historical volatility rate of 15.31%, the RSI 9-day stood at 32.30% on 17 August.
With respect to its five-day moving average, the current U.S. Bancorp price is down by -6.79% percent or -$2.68. At present, USB shares trade -5.95% below its 20-day simple moving average and +5.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.81% above its SMA50 and -14.12% below its SMA200.
Stochastic coefficient K was 3.49% and Stochastic coefficient D was 18.11%, while ATR was 1.00. Given the Stochastic reading of 3.19% for the 14-day period, the RSI (14) reading has been calculated as 43.27%. As of today, the MACD Oscillator reading stands at -1.63, while the 14-day reading stands at -1.78.
Analyst Ratings
DA Davidson reiterated its a Neutral rating on U.S. Bancorp (NYSE: USB) in a note to investors. The analysts firm has however raised their price target to $41, representing a possible 5.62% increase in the stock price. U.S. Bancorp (USB) has been rated Overweight by analysts. According to 0 brokerage firms, USB is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate U.S. Bancorp stock as buy, with 11 recommending it as overweight.
With a median target price of $43.00, the current consensus forecast for the stock is $36.00 – $70.00. Based on these forecasts, analysts predict U.S. Bancorp (USB) will achieve an average price target of $43.99.
