U.S. Bancorp (NYSE:USB) Given Price Target Of $45.846


As per U.S. Bancorp (NYSE:USB)’s news release on 2016-06-16, its shareholders will get cash dividend of $0.255 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-30 and 2016-07-15, respectively.

The stock will commence trading ex-dividend from 2016-06-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year U.S. Bancorp (NYSE:USB) disbursed $0.255 in dividend compared to distribution of $0.255, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 4.6632%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated U.S. Bancorp (NYSE:USB) to attain a price target of $45.846. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $51. The low price range is set at $42 for next year while the arithmetic mean is seen at 2.33.

Eyeing Earnings U.S. Bancorp (NYSE:USB) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.85 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, U.S. Bancorp (NYSE:USB) earnings came at $0.83 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.81 for the quarter.

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