U.S. Bancorp (NYSE:USB) finished Thursday with a subtraction of -$0.12 to close at $36.13, a downside of -0.33 percent. An average of 8,736,160 shares of common stock have been traded in the last five days. There was a fall of -$0.68 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 10,597,420 shares traded, while the 50-day average volume stands at 13,150,840.
USB stock has decreased by -7.10% in the last month. The company shares reached their 1-month lowest point of $35.37 on 08/23/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $27.27 and a high of $49.95 in 52 weeks. It has reached a new high 9 times so far this year and lost -17.15% or -$7.48 in price. In spite of this, the price is down -27.67% from the 52-week high.
Insider Transactions
USB stock investors should be aware that U.S. Bancorp (USB) stock had its last reported insider trading activity 15 days ago on Aug 10. In this transaction, the insider spent $549,780. Vice Chair & CFO, DOLAN TERRANCE R, disposed of 26,000 shares at a price of $39.75 on Aug 08. The insider now owns more than $1,033,578 worth of shares. Prior to that, Chairman, President and CEO CECERE ANDREW went on to Sale 84,948 shares at $43.51 each on Dec 12. An amount of $3,695,918 was transacted.
Valuation Metrics
U.S. Bancorp (USB) has a trailing price-to-earnings (P/E) ratio of 10.04. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.23, the price-to-book (PB) ratio at 1.20, and the price-to-cash flow ratio at 3.86.
The company has a payout ratio of 52.80%. The company’s most recent quarterly dividend payment was $0.48 a share, without any change from last year. Its latest increase dividend $0.02 reported on Tuesday September 13 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.98 and a total debt to equity ratio of 0.98 for the quarter ending June 29. Its gross profit as reported stood at $14.73 billion compared to revenue of $17.95 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, U.S. Bancorp’s return on assets was 0.80%.
Earnings Surprise
For the three-month period that ended June 29, U.S. Bancorp had $45.28 billion in total debt. The analyst consensus anticipated U.S. Bancorp’s latest quarter earnings to come in at $1.12 per share, but it turned out to be $1.12, a 0.00% surprise. At the end of the quarter ending June 29, U.S. Bancorp’s stock balance sheet showed total debt was $85.23 billion. Shareholders own equity worth $1.53 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at U.S. Bancorp (USB) price momentum. RSI 9-day as of the close on 24 August was 31.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.91%.
As of today, USB’s price is $36.36 -1.85% or -$0.68 from its 5-day moving average. USB is currently trading -6.93% lower than its 20-day SMA and +0.22% higher than its 100-day SMA. However, the stock’s current price level is +10.49% above the SMA50 and -15.64% below the SMA200.
The stochastic %K and %D were 11.70% and 10.76%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 15.34% and the average true range at 0.97, the RSI (14) stands at 40.37%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -1.85.
Analyst Ratings
DA Davidson reiterated its a Neutral rating on U.S. Bancorp (NYSE: USB), but raised their price target to $39, indicating a potential price increase of 7.36% for the stock. The consensus rating for U.S. Bancorp (USB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell USB, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is USB’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $67.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for U.S. Bancorp (USB) stock is $43.86.
