Economy

U.S. Bancorp (USB) Shares Bought by Folger Hill Asset Management LP

U.S. Bancorp (USB) Shares Bought by Folger Hill Asset Management LP

Chicago Partners Investment Group LLC increased its position in shares of U.S. Bancorp by 13.3% in the second quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in U.S. Bancorp during the second quarter valued at about $2,643,000.

PacWest Bancorp (NASDAQ:PACW): On Thursday heightened volatility was witnessed in PacWest Bancorp (NASDAQ:PACW) which led to swings in the share price.

While looking at the Stock's Performance, U.S. Bancorp now shows a Weekly Performance of 0.16%, where Monthly Performance is 1.53%, Quarterly performance is 7.13%, 6 Months performance is 28.66% and yearly performance percentage is 38.12%. Finally, Hudock Capital Group LLC increased its position in shares of U.S. Bancorp by 0.5% in the second quarter. They now have a United States dollars 17.5 price target on the stock. Institutional investors own 73.73% of the company's stock. Finally, Guidant Wealth Advisors bought a new stake in U.S. Bancorp during the third quarter valued at $147,000. 5,726,555 shares of the company traded hands. The firm has a market cap of $93.22 billion, a PE ratio of 16.98 and a beta of 0.84. The company's 50-day moving average is $54.44 and its 200-day moving average is $49.00. According to these analysts, the Low Revenue Estimate for U.S. Bancorp is 5.21 Billion and the High Revenue Estimate is 5.38 Billion.

U.S. Bancorp (NYSE:USB) will report its next earnings on 19-Apr-17. The company reported the earnings of $0.82/Share in the last quarter where the estimated EPS by analysts was $0.81/share. The business earned $5.44 billion during the quarter, compared to analyst estimates of $5.38 billion. U.S. Bancorp's revenue for the quarter was up 4.7% compared to the same quarter a year ago. On average, analysts anticipate that U.S. Bancorp will post $3.24 EPS for the current year.

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Several brokerages have commented on USB. Jefferies Group LLC raised shares of U.S. Bancorp from a "hold" rating to a "buy" rating in a research report on Monday, November 28th.

Stock market analysts watching Porter Bancorp, Inc.

U.S. Bancorp (NYSE:USB) opened at 54.69 on Friday. Porter Bancorp's actual results in future periods may differ materially from those indicated by forward-looking statements due to various risks and uncertainties, including our ability to reduce our level of higher risk loans such as commercial real estate and real estate development loans, reduce our level of non-performing loans and other real estate owned, and increase net interest income in a low interest rate environment, as well as our need to increase capital.

UBS Initiated its coverage for U.S. Bancorp (NYSE:USB) in a note sent to investors on 11-Jan-17.

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Some buy side analysts are also providing their Analysis on U.S. Bancorp, where 2 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 21 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. The stock presently has an average rating of "Hold" and an average target price of $47.87. Also, Vice Chairman Terrance R. Dolan sold 101,334 shares of the stock in a transaction on Thursday, January 19th. They now have a Dollars 5 price target on the stock.

In other news, insider Andrew Cecere sold 374,636 shares of the stock in a transaction on Wednesday, January 25th. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The shares were sold at an average price of $54.62, for a total value of $1,092,400.00. Following the sale, the insider now owns 115,124 shares in the company, valued at approximately $5,828,728.12. The disclosure for this sale can be found here.

Eagle Bancorp, Inc.is a bank holding company for EagleBank (the Bank). The Company's banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The stock's market capitalization is 471.77M.

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