U.S. Bancorp [USB] Stock trading around $60.15 per share: What’s Next?

U.S. Bancorp [NYSE: USB] plunged by -$1.02 during the normal trading session on Tuesday and reaching a high of $61.57 during the day while it closed the day at $60.15. The company report on May 4, 2021 that U.S. Bank Access Fund to deploy $25 million in grants and capital to support more than 30,000 women of color-owned microbusinesses over three years.

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The funds will go to African American Alliance of CDFI CEOs, Grameen America and LISC.

U.S. Bank introduces the details of the $25 million U.S. Bank Access Fund – a fund for women of color microbusiness owners, which was first announced in February. The fund, a collaboration between U.S. Bank Foundation and U.S. Bancorp Community Development Corporation (USBCDC), will include long-term investments of grants and capital funding to three partners: the African American Alliance of Black CDFI CEOs (the Alliance), Grameen America and Local Initiatives Support Corporation (LISC). The fund is part of U.S. Bank Access Commitment, the company’s long-term approach to help build wealth while redefining how the bank serves diverse communities and provides more opportunities for diverse employees.

U.S. Bancorp stock has also loss -0.74% of its value over the past 7 days. However, USB stock has inclined by 26.34% in the 3 months of the year. Over the past six months meanwhile, it has gained 53.56% and gained 29.10% year-on date.

The market cap for USB stock reached $89.71 billion, with 1.50 billion shares outstanding and 1.48 billion shares in the current float. Compared to the average trading volume of 7.60M shares, USB reached a trading volume of 6943471 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about U.S. Bancorp [USB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for USB shares is $62.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on USB stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for U.S. Bancorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 12, 2021. The new note on the price target was released on April 08, 2021, representing the official price target for U.S. Bancorp stock. Previously, the target price had yet another raise to $55, while Robert W. Baird analysts kept a Neutral rating on USB stock.

The Average True Range (ATR) for U.S. Bancorp is set at 1.19, with the Price to Sales ratio for USB stock in the period of the last 12 months amounting to 6.38. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 29.17.

USB stock trade performance evaluation

U.S. Bancorp [USB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.74. With this latest performance, USB shares gained by 4.28% in over the last four-week period, additionally plugging by 53.56% over the last 6 months – not to mention a rise of 80.36% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for USB stock in for the last two-week period is set at 59.93, with the RSI for the last a single of trading hit 57.53, and the three-weeks RSI is set at 60.74 for U.S. Bancorp [USB]. The present Moving Average for the last 50 days of trading for this stock 56.31, while it was recorded at 60.90 for the last single week of trading, and 45.54 for the last 200 days.

U.S. Bancorp [USB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and U.S. Bancorp [USB] shares currently have an operating margin of +26.28. U.S. Bancorp’s Net Margin is presently recorded at +21.44.

Return on Total Capital for USB is now 5.36, given the latest momentum, and Return on Invested Capital for the company is 5.57. Return on Equity for this stock inclined to 9.41, with Return on Assets sitting at 0.94. When it comes to the capital structure of this company, U.S. Bancorp [USB] has a Total Debt to Total Equity ratio set at 102.26. Additionally, USB Total Debt to Total Capital is recorded at 50.56, with Total Debt to Total Assets ending up at 9.80. Long-Term Debt to Equity for the company is recorded at 74.24, with the Long-Term Debt to Total Capital now at 32.57.

Reflecting on the efficiency of the workforce at the company, U.S. Bancorp [USB] managed to generate an average of $72,502 per employee.

Earnings per share (EPS) analysis for U.S. Bancorp [USB] stock

With the latest financial reports released by the company, U.S. Bancorp posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 86.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for USB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for U.S. Bancorp go to 6.00%.

U.S. Bancorp [USB]: Insider Ownership positions

There are presently around $66,621 million, or 76.70% of USB stock, in the hands of institutional investors. The top three institutional holders of USB stocks are: BERKSHIRE HATHAWAY INC with ownership of 131,137,998, which is approximately -0.624% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 107,252,670 shares of the stock with an approximate value of $6.45 billion in USB stocks shares; and BLACKROCK INC., currently with $5.54 billion in USB stock with ownership of nearly -1.523% of the company’s market capitalization.

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Positions in U.S. Bancorp stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 818 institutional holders increased their position in U.S. Bancorp [NYSE:USB] by around 53,259,793 shares. Additionally, 654 investors decreased positions by around 54,427,582 shares, while 222 investors held positions by with 999,895,988 shares. The mentioned changes placed institutional holdings at 1,107,583,363 shares, according to the latest SEC report filing. USB stock had 212 new institutional investments in for a total of 8,935,077 shares, while 77 institutional investors sold positions of 4,420,581 shares during the same period.

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