Bank of New Hampshire Has $175,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Bank of New Hampshire increased its stake in U.S. Bancorp (NYSE:USB) by 8.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,652 shares of the financial services provider’s stock after buying an additional 300 shares during the period. Bank of New Hampshire’s holdings in U.S. Bancorp were worth $175,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Redwood Wealth Management Group LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC lifted its stake in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 441 shares during the period. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after buying an additional 250 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth approximately $33,000. Finally, Kimelman & Baird LLC bought a new stake in shares of U.S. Bancorp in the 2nd quarter valued at $40,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on USB shares. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Oppenheimer reduced their target price on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Thursday, December 19th. Piper Sandler raised their price objective on U.S. Bancorp from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lowered their target price on U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $54.07.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $48.74 on Wednesday. The firm has a market capitalization of $76.04 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $50.21 and its 200 day simple moving average is $46.38. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.10%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

U.S. Bancorp declared that its Board of Directors has authorized a share repurchase program on Thursday, September 12th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Profile

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.