U.S. Bancorp [USB] Stock trading around $42.76 per share: What’s Next?

U.S. Bancorp [NYSE: USB] gained 3.36% on the last trading session, reaching $42.76 price per share at the time. The company report on October 14, 2022 that U.S. Bancorp Receives U.S. Regulatory Approval for Acquisition of MUFG Union Bank.

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U.S. Bancorp (NYSE: USB) announced today that it has received all required U.S. regulatory approvals to complete the previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (NYSE: MUFG), including approvals from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. MUFG Union Bank received approval from the Federal Deposit Insurance Corporation. The transaction remains subject to approval from Japanese regulators.

The acquisition is expected to close before the end of 2022, subject to the satisfaction of closing conditions set forth in the agreement between the banks.

U.S. Bancorp represents 1.49 billion in outstanding shares, while the company has a total market value of $61.47 billion with the latest information. USB stock price has been found in the range of $41.67 to $43.29.

If compared to the average trading volume of 7.46M shares, USB reached a trading volume of 19263409 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $51.20 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 2.60. 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.

Wedbush have made an estimate for U.S. Bancorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 28, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for U.S. Bancorp stock. Previously, the target price had yet another drop from $64 to $56, while UBS kept a Neutral rating on USB stock. On February 14, 2022, analysts decreased their price target for USB shares from 66 to 64.

The Average True Range (ATR) for U.S. Bancorp is set at 1.33, with the Price to Sales ratio for USB stock in the period of the last 12 months amounting to 4.39. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 27.22. Price to Free Cash Flow for USB in the course of the last twelve months was 4.16.

Trading performance analysis for USB stock

U.S. Bancorp [USB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.37. With this latest performance, USB shares dropped by -6.78% in over the last four-week period, additionally sinking by -18.88% over the last 6 months – not to mention a drop of -28.83% 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 51.18, with the RSI for the last a single of trading hit 57.61, and the three-weeks RSI is set at 47.95 for U.S. Bancorp [USB]. The present Moving Average for the last 50 days of trading for this stock 44.94, while it was recorded at 40.37 for the last single week of trading, and 50.71 for the last 200 days.

U.S. Bancorp [USB]: An earnings per share (EPS) analysis

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 4.87%.

An analysis of insider ownership at U.S. Bancorp [USB]

There are presently around $48,294 million, or 77.00% of USB stock, in the hands of institutional investors. The top three institutional holders of USB stocks are: BERKSHIRE HATHAWAY INC with ownership of 119,805,135, which is approximately -5.231% of the company’s market cap and around 0.13% of the total institutional ownership; VANGUARD GROUP INC, holding 113,680,213 shares of the stock with an approximate value of $4.86 billion in USB stocks shares; and BLACKROCK INC., currently with $4.25 billion in USB stock with ownership of nearly 2.036% of the company’s market capitalization.

828 institutional holders increased their position in U.S. Bancorp [NYSE:USB] by around 63,323,762 shares. Additionally, 704 investors decreased positions by around 55,371,066 shares, while 269 investors held positions by with 1,010,724,954 shares. The mentioned changes placed institutional holdings at 1,129,419,782 shares, according to the latest SEC report filing. USB stock had 82 new institutional investments in for a total of 6,399,723 shares, while 118 institutional investors sold positions of 1,786,806 shares during the same period.


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