Arijit Roy, Senior Executive Vice President at US Bancorp (NYSE:USB), a prominent player in the banking sector with a market capitalization of $66 billion, recently sold a portion of his holdings in the company. According to a recent SEC filing, Roy sold 2,237 shares of common stock at an average price of $43.675 per share. The total value of this transaction amounted to approximately $97,700. Following this sale, Roy retains ownership of 39,994 shares in the company. This transaction was executed on March 7, 2025, as per the filing.The stock, which currently offers a 4.47% dividend yield and has raised dividends for 14 consecutive years, appears undervalued according to InvestingPro Fair Value metrics. For deeper insights into insider trading patterns and comprehensive analysis, including 8 additional ProTips, explore the full US Bancorp research report on InvestingPro.
In other recent news, U.S. Bancorp (BVMF:USBC34) announced a series of executive changes, with Shailesh M. Kotwal planning to retire from his role as Vice Chair of Payment Services by February 2025. He will remain with the company in an advisory capacity until mid-2025 to assist with the transition. Additionally, Scott W. Wine has decided not to seek re-election to the Board of Directors after his term ends at the 2025 Annual Meeting of Shareholders. In a separate development, Gunjan Kedia is set to succeed Andy Cecere as CEO in mid-April 2023, following the annual shareholders’ meeting. Piper Sandler recently adjusted its price target for U.S. Bancorp to $55, down from $58, while maintaining an Overweight rating. The firm cited an increase in estimated earnings per share for 2025, despite a slight reduction for 2026. Oppenheimer also raised its price target to $63 from $62, reiterating an Outperform rating, and noted that the bank’s adjusted earnings per share would have been higher when accounting for one-time items. Meanwhile, Raymond (NSE:RYMD) James maintained an Outperform rating with a $57 price target, expressing confidence in U.S. Bancorp’s operating leverage and profitability metrics.
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