In a report released on January 25, Ebrahim Poonawala from Bank of America Securities reiterated a Hold rating on US Bancorp (USB – Research Report), with a price target of $54.00. The company’s shares closed last Friday at $48.86.
Poonawala covers the Financial sector, focusing on stocks such as Citigroup, Bank Of Hawaii, and Bank Of Montreal. According to TipRanks, Poonawala has an average return of 5.8% and a 55.03% success rate on recommended stocks.
In addition to Bank of America Securities, US Bancorp also received a Hold from Citigroup’s Keith Horowitz in a report issued on January 27. However, on January 26, Oppenheimer maintained a Buy rating on US Bancorp (NYSE: USB).
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Based on US Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.34 billion and a net profit of $925 million. In comparison, last year the company earned a revenue of $5.66 billion and had a net profit of $1.67 billion
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of USB in relation to earlier this year. Last month, Andrew Cecere, the COB, Pres & CEO of USB sold 84,948.00 shares for a total of $3,695,238.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Minnesota-based U.S. Bancorp is a financial services holding company and offers services including lending and depository services, cash management, foreign exchange and trust and investment management. It also offers mortgage, refinance, auto, boat & RV loans, credit lines, credit card services, merchant, bank, checking & savings accounts, debit cards, online & mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.
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