RBC Capital Sticks to Its Buy Rating for US Bancorp (USB)
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on US Bancorp, with a price target of $59.00.
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Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, JPMorgan Chase, and PNC Financial. According to TipRanks, Cassidy has an average return of 13.9% and a 65.07% success rate on recommended stocks.
In addition to RBC Capital, US Bancorp also received a Buy from Truist Financial’s John McDonald CFA in a report issued yesterday. However, on the same day, Jefferies initiated coverage with a Hold rating on US Bancorp (NYSE: USB).
Based on US Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.98 billion and a net profit of $2.05 billion. In comparison, last year the company earned a revenue of $10.66 billion and had a net profit of $1.66 billion
Based on the recent corporate insider activity of 36 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. Last month, Mark Runkel, the Vice Chair of USB sold 32,195.00 shares for a total of $1,952,304.80.
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