Cadence Bank NA Invests $201,000 in U.S. Bancorp (USB)

Cadence Bank NA purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,751 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also recently made changes to their positions in the company. Stelac Advisory Services LLC purchased a new position in U.S. Bancorp in the second quarter valued at about $103,000. Phocas Financial Corp. purchased a new position in U.S. Bancorp in the second quarter valued at about $109,000. Pathstone Family Office LLC grew its stake in U.S. Bancorp by 13.2% in the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares during the last quarter. Hudock Capital Group LLC grew its stake in U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in U.S. Bancorp by 16.6% in the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Shares of U.S. Bancorp (NYSE USB) opened at $54.26 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61. The company has a market capitalization of $90,906.91, a PE ratio of 16.25, a P/E/G ratio of 2.13 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. analysts expect that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 35.61%.

Several equities analysts have issued reports on USB shares. Citigroup reiterated a “neutral” rating and issued a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Thursday, October 12th. Nomura downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $54.56.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. 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 (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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