Capital City Trust Co. FL Trims Stock Position in U.S. Bancorp (NYSE:USB)

Capital City Trust Co. FL reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 65.5% during the fourth quarter, Holdings Channel reports. The firm owned 9,082 shares of the financial services provider’s stock after selling 17,208 shares during the quarter. Capital City Trust Co. FL’s holdings in U.S. Bancorp were worth $434,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Redmond Asset Management LLC grew its position in shares of U.S. Bancorp by 1.8% in the 4th quarter. Redmond Asset Management LLC now owns 37,227 shares of the financial services provider’s stock worth $1,781,000 after buying an additional 652 shares during the period. Bell Bank grew its position in shares of U.S. Bancorp by 20.4% in the 4th quarter. Bell Bank now owns 5,784 shares of the financial services provider’s stock worth $277,000 after buying an additional 982 shares during the period. LifeSteps Financial Inc. grew its position in shares of U.S. Bancorp by 1.2% in the 4th quarter. LifeSteps Financial Inc. now owns 51,417 shares of the financial services provider’s stock worth $2,459,000 after buying an additional 600 shares during the period. Peregrine Asset Advisers Inc. purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $208,000. Finally, Bank of Stockton grew its position in shares of U.S. Bancorp by 10.1% in the 4th quarter. Bank of Stockton now owns 14,656 shares of the financial services provider’s stock worth $701,000 after buying an additional 1,345 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent research reports. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Truist Financial began coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Morgan Stanley dropped their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Barclays increased their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Evercore ISI increased their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $45.88 on Friday. The firm’s 50-day moving average price is $48.19 and its 200-day moving average price is $47.64. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $71.57 billion, a PE ratio of 12.10, a PEG ratio of 1.75 and a beta of 1.04. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.