U.S. Bancorp (NYSE:USB) : Currently there are 14 street experts covering U.S. Bancorp (NYSE:USB) stock. The most bullish and bearish price target for the stock is $51 and $42 respectively for the short term. The average price target of all the analysts comes to $46. The estimated standard deviation from the target is $2.72.
U.S. Bancorp has lost 3.87% in the last five trading days and dropped 5.59% in the last 4 weeks. U.S. Bancorp has dropped 0.25% during the last 3-month period . Year-to-Date the stock performance stands at -4.26%. Also, Major Brokerage house, Deutsche Bank downgrades its ratings on U.S. Bancorp (NYSE:USB). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 26, 2016.
U.S. Bancorp (NYSE:USB) : 22 analysts are covering U.S. Bancorp (NYSE:USB) and their average rating on the stock is 2.36, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. U.S. Bancorp (NYSE:USB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
U.S. Bancorp (NYSE:USB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.97 and $39.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.33, notching a gain of 1.64% for the day. The total traded volume was 8,765,097 . The stock had closed at $39.68 on the previous day.
In an insider trading activity,The officer (EVP and Controller) of Us Bancorp De, Gifford Craig E sold 400 shares at $41.73 on May 18, 2016. The Insider selling transaction had a total value worth of $16,692. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.