U.S. Bancorp (NYSE:USB) shares, rose in value on Wednesday, May 07, with the stock price up by 0.78% to the previous day’s close as strong demand from buyers drove the stock to $41.30.
Actively observing the price movement in the last trading, the stock closed the session at $40.98. The PE ratio was 10.23 over 12-month period. Referring to stock’s 52-week performance, its high was $53.98, and the low was $35.18. On the whole, USB has fluctuated by 12.23% over the past month.
With the market capitalization of U.S. Bancorp currently standing at about $64.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.99, with its dividend yield at 4.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 28.47B, with a low estimate of 6.99B and a high estimate of 7.1B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.06B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that USB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.88, with the price of USB currently trading nearly 4.52% and -0.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.65, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 3.42%. Furthermore, U.S. Bancorp (USB)’s beta value is 1.01, and its average true range (ATR) is 1.24.
A comparison of U.S. Bancorp (USB) with its peers suggests the former has fared considerably weaker in the market. USB showed an intraday change of 0.78% in last session, and over the past year, it shrunk by -0.27%%.
Data on historical trading for U.S. Bancorp (NYSE:USB) indicates that the trading volumes over the past 3 months, they’ve averaged 11.82 million. According to company’s latest data on outstanding shares, there are 1.56 billion shares outstanding.
Nearly 0.27% of U.S. Bancorp’s shares belong to company insiders and institutional investors own 81.05% of the company’s shares. The stock has fallen by -13.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the USB stock heading into the next quarter.
