Park National Corp OH now owns 625,900 shares of the financial services provider's stock worth $33,542,000 after purchasing an additional 8,362 shares in the last quarter. After $0.85 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 3.53% EPS growth. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/10/10/rhumbline-advisers-sells-26938-shares-of-u-s-bancorp-usb.html. Shelton Capital Management boosted its position in shares of U.S. Bancorp by 51.2% in the 1st quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider's stock valued at $152,000 after purchasing an additional 681 shares during the period. Phocas Financial Corp. acquired a new position in shares of U.S. Bancorp during the 2nd quarter valued at $109,000. Tradewinds Capital Management LLC grew its stake in U.S. Bancorp by 87.4% during the 1st quarter. TIAA CREF Investment Management LLC boosted its position in shares of U.S. Bancorp by 1.1% in the 1st quarter. Cacti Asset Management LLC now owns 560,358 shares of the financial services provider's stock worth $30,030,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Investment Partners Ltd. The Texas-based King Luther Cap Mgmt Corporation has invested 1.37% in U.S. Bancorp (NYSE:USB). Hedge funds and other institutional investors own 73.97% of the company's stock.
This company shares (USB) so far managed to recover 27.87% since collapsing to its 52-week low.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 18 before the open. U.S. Bancorp had 66 analyst reports since August 6, 2015 according to SRatingsIntel. Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Guggenheim upgraded the shares of USB in report on Friday, August 28 to "Buy" rating.
The analysts offering 12 month price targets for U.S. Bancorp have a median target of $55, with a high estimate of $60 and a low estimate of $48. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company.
The share price of the company (NASDAQ:ISBC) was down -0.07%, with a high of 13.70 during the day and the volume of Investors Bancorp, Inc. shares traded was 1887672. Analysts are turning out to be more optimistic than before, with 7 of analysts who cover U.S. Bancorp (NYSE:USB) advice adding it to buy candidate list. The firm has a market capitalization of $90.63 billion, a P/E ratio of 16.37 and a beta of 0.87. Over the 52-week time span, the stock notched a high price of $56.61 and its minimum price was $42.37.
This particular stock's 5-day moving average is 53.60, its 20-day moving average is 53.04 and its 100-day moving average is 52.18. The financial services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $0.01. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.89 per share. New York-based Summit Securities Group Inc Limited Liability Company has invested 0.04% in U.S. Bancorp (NYSE:USB). During the same period in the previous year, the firm posted $0.82 EPS. As of the latest earnings report the EPS was $3.31 and is expected to be $3.42 for the current year with 1,672,770,000 shares outstanding.
U.S. Bancorp announced that its board has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $2.60 billion in shares. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. The company also recently announced a dividend for shareholders to be paid on Monday the 16th of October 2017. The dividend payment will be $0.300 per share for the quarter or $1.20 on an annualized basis. The ex-dividend date of this dividend is Thursday, September 28th. Proshare Limited Liability Company stated it has 0.19% of its portfolio in U.S. Bancorp (NYSE:USB).
TRADEMARK VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another site, it was illegally copied and republished in violation of USA & global copyright and trademark laws. Lvm Cap Management Ltd Mi has invested 0.06% in U.S. Bancorp (NYSE:USB). The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine processing, mortgage banking, insurance, brokerage and leasing.