Vice Chairman Godridge Leslie V sold 14,737 shares in U.S. Bancorp (NYSE:USB) for $59,620 in transaction occurred on 2019/02/04. After making this transaction, the Vice Chairman owns a direct stake of 758,956 shares, worth $3,035,254, as per the last closing price. On 2018/11/14 Omaley David B, Director at USB, dumped 10,902 shares at an average price of $53.66 per share. The selling total is valued at $10,278,067.
Separately, it had been reported that some other USB insiders also took part of the insider trading activity. Vice Chairman, Elmore John R. had divested 19,418 shares for $86,710 through a trade on 2018/11/13. Following this activity, the insider holds 1,040,611 shares worth $4,414,406 as of recent close. Wall Street’s most bullish U.S. Bancorp (NYSE:USB) analysts are predicting the share price to blow past $64 per share during the next 12 months. The current median share price forecast by them is $54, suggesting that the stock could increase 6.07% in that time frame. The average price target of $54.93 calls for a nearly 7.9% increase in the stock price.
U.S. Bancorp (NYSE:USB) reaches $82.88B market cap as shares retreated -0.59% in recent session. It closed at $50.91, after slipping as low as $50.88 through the day. The shares were pushed to an intraday high Wednesday at $51.455. Trading activity significantly weakened as the volume at ready counter decreased to 5,012,783 shares versus 7,161,500 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,224,370 shares. The stock is now 18.01% above against its bear-market low of $43.14 on December 26, 2018. It has retreated -10.19% since it’s 52-week high of $56.1 reached in February. Now the market price is down -5.67% on the year and up 11.4% YTD.
USB’s 50 day simple moving average (SMA 50) price is $49.17 and its 200-day simple moving average (SMA 200) price is $51.5. The company’s stock currently has a total float of 1.61B shares. Its weekly volatility is hovering around 1.63% and felt 1.49% volatility in price over a month. On the upside, the share price will test short term resistance at around $51.28. On a downside, the stock is likely to find some support, which begins at $50.71. The failure to get near-term support could push it to $50.51.
It had seen a negative analyst call from Robert W. Baird, which downgraded the stock from Outperform to Neutral on January 28. Analysts at Jefferies, shed their positive views on January 08 by lowering it fromBuy to Hold. Brokerage firm Barclays, looks cautious as they stick to prior recommendation of Overweight, in a call on January 02. However, they did change the target price from $61 to $64.
When looking at valuations, U.S. Bancorp (USB) has a cheap P/E of 12.29x as compared to industry average of 18.98x. Moreover, it trades for 11 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.87x price/book and 5.12x price/sales. Compared to others, U.S. Bancorp is in a different league with regards to profitability, having net margins of 39.4%. To put some perspective around this, the industry’s average net margin is 29.84%. USB’s ROE is 14.5%, which is also considerably worse than the industry’s ROE of 16.12%.
Shares of U.S. Bancorp (USB) have gained 6.8% since the company’s last earnings report. Over the past 12 fiscal quarters, U.S. Bancorp (NYSE:USB) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 2 occasion EPS met analyst expectations. USB last reported earnings on January 16, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.07 per share, -10.08% change on the same period last year. That was better than consensus for $1.06. Revenue for the recent quarter stood at $5.83 billion, up 4% on last year and above the $5.73 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.54 billion to $5.67 billion, which should be compared with $5.83 billion generated last year. EPS is seen in a range of $0.97 to $1.07, against the $1.03 reported a year ago.