U.S. Bancorp. (NYSE:USB) finished Thursday with a subtraction of -$0.05 to close at $32.47, a downside of -0.15 percent. An average of 10,792,120 shares of common stock have been traded in the last five days. There was a fall of -$0.98 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 12,931,875 shares traded, while the 50-day average volume stands at 11,994,984.
USB stock has decreased by -10.99% in the last month. The company shares reached their 1-month lowest point of $32.04 on 09/28/23. 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 -25.54% or -$11.14 in price. In spite of this, the price is down -34.99% 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 50 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 9.02. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 1.08, and the price-to-cash flow ratio at 4.01.
Financial Health
Further, the company has a long term debt to equity ratio of 0.85 and a total debt to equity ratio of 1.46 for the recent quarter. 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 0.91%.
Earnings Surprise
For the recent quarter, U.S. Bancorp. had $45.28 billion in total debt. At the end of the recent quarter, 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 28 September was 22.47%, suggesting the stock is oversold, with historical volatility in this time frame at 13.67%.
As of today, USB’s price is $33.00 -2.93% or -$0.98 from its 5-day moving average. USB is currently trading -10.75% lower than its 20-day SMA and +5.63% higher than its 100-day SMA. However, the stock’s current price level is -16.55% below the SMA50 and -24.68% below the SMA200.
The stochastic %K and %D were 6.40% and 7.42%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 8.07% and the average true range at 0.88, the RSI (14) stands at 28.57%. The stock has reached -0.91 on the 9-day MACD Oscillator while the 14-day reading was at -1.72.
Analyst Ratings
HSBC Securities launched coverage on U.S. Bancorp. (NYSE: USB) in its analyst report released on September 07, 2023. The firm assigned the stock a Hold rating.
