U.S. Bancorp (USB) Stock Report
Publication Date: September 22, 2024
Company Overview
U.S. Bancorp (USB), headquartered in Minneapolis, Minnesota, is a prominent financial services holding company serving a diverse clientele that includes individuals, businesses, and government entities throughout the United States. Established in 1863, U.S. Bancorp operates through various segments, including Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. With services ranging from depository accounts to lending products and capital markets support, U.S. Bancorp plays a vital role in the regional banking sector, emphasizing its stability and growth potential in a flourishing financial landscape.
Market Performance and Analyst Recommendations
U.S. Bancorp’s stock is currently priced at $46.01, showcasing a solid upward trajectory with a considerable gap from its fifty-two week low of $30.47. The stock is also approaching its fifty-two week high of $47.31, indicating positive investor sentiment. Analysts have set a target high price of $54.00 and a target mean price of $49.77, reflecting optimism about the bank’s future performance. A favorable recommendation of “buy” is supported by an average recommendation score of 2.4 from 21 analysts, further solidifying the appeal for investors seeking stable returns in the regional banking sector. With total revenue reported at approximately $25.11 billion, U.S. Bancorp continues to present attractive growth opportunities amidst positive market dynamics.
Share Structure and Liquidity
U.S. Bancorp has approximately 1.56 billion shares outstanding, with only about 17.4 million shares held short, accounting for roughly 1.12% of the float. This low short percentage indicates investor confidence in the company’s financial outlook, contributing to a stable and liquid trading environment. The stock’s current performance is bolstered by its fifty-day moving average of $44.29, which lies slightly below the current price, indicating bullish sentiment. Overall, U.S. Bancorp’s share structure and liquidity metrics signify a healthy trading atmosphere conducive to potential growth and appreciation in value.
| Metric | Value |
|---|---|
| Market Cap | $71.8b |
| Total Debt | $74.1b |
| Total Cash | $68.5b |
| Shares Outstanding | 1.6b |
| Float Shares | 1.6b |
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