U.S. Bancorp (USB): Price Target and June Short Interest Disclosure

U.S. Bancorp (USB) : The consensus price target for U.S. Bancorp (USB) is $45.53 for the short term with a standard deviation of $2.88. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $42.

U.S. Bancorp (USB) encountered a drop of 4.9% or -881,018 shares in the short positions. The number dropped from 17,804,581 on June 15,2016 to 16,923,563 on June 30,2016. The final interest is 1% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 8,039,194 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Keefe Bruyette & Woods maintains its view on U.S. Bancorp (NYSE:USB) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Keefe Bruyette & Woods lowers the price target from $45 per share to $43 per share on U.S. Bancorp. The rating by the firm was issued on July 5, 2016.


U.S. Bancorp (NYSE:USB): stock turned positive on Thursday. Though the stock opened at $41.38, the bulls momentum made the stock top out at $41.51 level for the day. The stock recorded a low of $41.17 and closed the trading day at $41.25, in the green by 1.53%. The total traded volume for the day was 12,183,364. The stock had closed at $40.63 in the previous days trading.

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.

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