Oppenheimer analyst Chris Kotowski maintained a Buy rating on US Bancorp (USB – Research Report) yesterday and set a price target of $61.00. The company’s shares closed yesterday at $43.34.
According to TipRanks, Kotowski is a top 100 analyst with an average return of 18.3% and a 68.80% success rate. Kotowski covers the Financial sector, focusing on stocks such as Bank of America, JPMorgan Chase & Co., and Morgan Stanley.
In addition to Oppenheimer, US Bancorp also received a Buy from RBC Capital’s Gerard Cassidy in a report issued on January 18. However, yesterday, Morgan Stanley maintained a Hold rating on US Bancorp (NYSE: USB).
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Based on US Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7 billion and a net profit of $1.52 billion. In comparison, last year the company earned a revenue of $6.34 billion and had a net profit of $931 million
Based on the recent corporate insider activity of 86 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.
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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.
Read More on USB:
- U.S. Bancorp (NYSE:USB) Downgraded due to Lack of Catalysts
- U.S. Bancorp downgraded to Neutral from Overweight at Piper Sandler
- U.S. Bancorp price target lowered to $46 from $47 at Compass Point
- U.S. Bancorp price target lowered to $45 from $46 at Evercore ISI
- U.S. Bancorp price target raised to $47 from $43 at RBC Capital
