As of Wednesday close, U.S. Bancorp’s (NYSE:USB) stock was down -$0.18, moving down -0.52 percent to $34.41. The average number of shares traded per day over the past five days has been 19,269,641 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.74 fall in that time frame. In the last twenty days, the average volume was 12,443,485, while in the previous 50 days, it was 12,621,466.
Since last month, USB stock retreated -6.39%. Shares of the company fell to $34.18 on 09/19/23, 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 -21.10% or -$9.20, and marked a new high 9 times. However, the stock has declined by -31.11% since its 52-week high.
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USB stock investors should be aware that U.S. Bancorp (USB) stock had its last reported insider trading activity 42 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 9.56. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 2.16, the price-to-book (PB) ratio of 1.14, and the price-to-cash flow ratio of 3.74 may also be considered.
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48.
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 32.71%, the RSI 9-day stood at 33.00% on 20 September.
With respect to its five-day moving average, the current U.S. Bancorp price is down by -2.11% percent or -$0.74. At present, USB shares trade -3.99% below its 20-day simple moving average and +5.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.46% below its SMA50 and -24.12% below its SMA200.
Stochastic coefficient K was 9.32% and Stochastic coefficient D was 11.52%, while ATR was 0.93. Given the Stochastic reading of 6.87% for the 14-day period, the RSI (14) reading has been calculated as 36.96%. As of today, the MACD Oscillator reading stands at -0.87, while the 14-day reading stands at -1.20.
Analyst Ratings
HSBC Securities launched its rating on U.S. Bancorp (NYSE: USB) to a Hold in a note to investors on September 07, 2023. 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 $42.00, the current consensus forecast for the stock is $35.80 – $67.00. Based on these forecasts, analysts predict U.S. Bancorp (USB) will achieve an average price target of $43.47.
