Wells Fargo analyst Mike Mayo maintained a Buy rating on US Bancorp (USB – Research Report) yesterday and set a price target of $48.00. The company’s shares closed yesterday at $41.58.
According to TipRanks, Mayo is a 5-star analyst with an average return of 12.5% and a 65.83% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America.
In addition to Wells Fargo, US Bancorp also received a Buy from Barclays’s Jason Goldberg in a report issued on May 2. However, on May 6, Piper Sandler assigned a Hold rating to US Bancorp (NYSE: USB).
The company has a one-year high of $44.91 and a one-year low of $27.07. Currently, US Bancorp has an average volume of 7.95M.
Based on the recent corporate insider activity of 71 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. Most recently, in February 2024, Andrew Cecere, the COB, Pres & CEO of USB sold 93,366.00 shares for a total of $3,860,684.10.
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.
US Bancorp (USB) Company Description:
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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