U.S. Bancorp [USB] is -23.25% lower this YTD. Is it still time to buy?

U.S. Bancorp [NYSE: USB] price plunged by -1.03 percent to reach at -$0.45. The company report on December 8, 2022 that U.S. Bank Celebrates Five Years of Girls Who Code Partnership.


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U.S. Bank

In 1994, most people used their telephones to dial up a connection to the Internet, “Forrest Gump” topped the box office — and women held more computer science jobs than they do today.

A sum of 9097428 shares traded at recent session while its average daily volume was at 10.21M shares. U.S. Bancorp shares reached a high of $43.80 and dropped to a low of $43.03 until finishing in the latest session at $43.11.

The one-year USB stock forecast points to a potential upside of 16.94. The average equity rating for USB stock is currently 2.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $51.90 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 2.70. 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.

Wolfe Research have made an estimate for U.S. Bancorp shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on December 01, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on September 28, 2022, representing the official price target for U.S. Bancorp stock. On April 08, 2022, analysts decreased their price target for USB shares from 64 to 56.

The Average True Range (ATR) for U.S. Bancorp is set at 1.03, with the Price to Sales ratio for USB stock in the period of the last 12 months amounting to 4.35. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 26.94. Price to Free Cash Flow for USB in the course of the last twelve months was 5.47.

USB Stock Performance Analysis:

U.S. Bancorp [USB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.54. With this latest performance, USB shares dropped by -0.30% in over the last four-week period, additionally sinking by -11.51% over the last 6 months – not to mention a drop of -24.65% 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 46.45, with the RSI for the last a single of trading hit 42.23, and the three-weeks RSI is set at 48.01 for U.S. Bancorp [USB]. The present Moving Average for the last 50 days of trading for this stock 42.68, while it was recorded at 43.42 for the last single week of trading, and 47.67 for the last 200 days.

Insight into U.S. Bancorp Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and U.S. Bancorp [USB] shares currently have an operating margin of +44.84. U.S. Bancorp’s Net Margin is presently recorded at +34.96.

Return on Equity for this stock inclined to 14.67, with Return on Assets sitting at 1.41.

USB Stock EPS

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%.

U.S. Bancorp [USB] Insider Position Details

There are presently around $48,158 million, or 74.00% of USB stock, in the hands of institutional investors. The top three institutional holders of USB stocks are: VANGUARD GROUP INC with ownership of 115,121,643, which is approximately 1.268% of the company’s market cap and around 0.12% of the total institutional ownership; BLACKROCK INC., holding 95,972,720 shares of the stock with an approximate value of $4.14 billion in USB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $3.35 billion in USB stock with ownership of nearly -35.071% of the company’s market capitalization.

Positions in U.S. Bancorp stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 803 institutional holders increased their position in U.S. Bancorp [NYSE:USB] by around 71,618,109 shares. Additionally, 728 investors decreased positions by around 81,928,677 shares, while 256 investors held positions by with 963,543,426 shares. The mentioned changes placed institutional holdings at 1,117,090,212 shares, according to the latest SEC report filing. USB stock had 98 new institutional investments in for a total of 9,399,255 shares, while 112 institutional investors sold positions of 5,651,620 shares during the same period.

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