Stock Update: U.S. Bancorp (NYSE:USB) – Jennifer Thompson Joins U.S. Bancorp as Head of Investor Relations

[Business Wire] – U.S. Bancorp , parent company of U.S. Bank, the fifth largest commercial bank in the United States, announced today that it has hired Jennifer Thompson as senior vice president, Investor Relations. Read more on this. U.S. Bancorp (USB) , valued at $70.62B, began trading this morning at $40.68. Looking at the equity, the company’s one day range is $40.42 to $40.85 and has traded between $37.07 and $46.26 over the past 12 months. USB shares are currently priced at 12.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.14x earnings multiple. The company pays shareholders $1.02 per share annually in dividends, yielding 2.51%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.76 per share, which would be $0.00 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.33, which would be a $0.18 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.06 Billion. If realized, that would be a 3.05% increase over the year-ago quarter. More recently, Atlantic Equities upgraded USB from Neutral to Overweight (Mar 14, 2016). Previously, Wells Fargo upgraded USB from Market Perform to Outperform. The average price target for USB shares by the analysts covering the stock is $45.71, which is 12.36% above where the stock opened this morning. See more in (NYSE:USB) Similar Articles: Stock Update (NYSE:USB): Analysts View on Regional – Midwest Banks Equities — KeyCorp., U.S. Bancorp, Huntington Bancshares, and Fifth Third Bancorp Market Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Credit Suisse Financial Services Forum Company Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Bank of America Merrill Lynch 2015 Banking and Financial Services Conference