Evercore ISI Group Raises U.S. Bancorp (USB) Price Target to $67

Evercore ISI Group has reiterated its Outperform rating on U.S. Bancorp (NYSE: USB) on October 16, 2026, and raised its price target to $67.00 from a previous target of $65.00. This change reflects a more favorable outlook from the firm as it continues to see potential in the bank's performance.

Other Institutional Activity in U.S. Bancorp

Several other institutional investors have been active in U.S. Bancorp recently. Blackrock Inc. trimmed its holdings by 1,232,348 shares, ending with 127,137,222 shares valued at approximately $7.47 billion. Vanguard Capital Management LLC added 413,644 shares, bringing its total to 101,302,511 shares worth about $5.95 billion. State Street Corporation increased its stake by 3,727,317 shares, resulting in 73,137,322 shares valued at around $4.30 billion. Meanwhile, JPMorgan Chase & Co. reduced its position by 1,998,581 shares, totaling 59,686,029 shares worth about $3.51 billion, and FMR, LLC cut its holdings by 5,888,874 shares, ending with 51,284,661 shares valued at approximately $3.01 billion.

U.S. Bancorp Stock Up 2.1%

As of October 16, 2026, U.S. Bancorp's stock trades around $58.59. This price is about 12.6% below the new price target set by Evercore ISI. The stock has shown strong performance in the past, but this recent target increase suggests that analysts still see growth potential despite current trading levels.

Recent Earnings

U.S. Bancorp reported trailing twelve-month revenue of approximately $27.32 billion, with a net margin of 29.9%. The company's earnings per share (EPS) for the same period was $5.01. The next earnings report is expected to provide further insights into the company's financial health.

Insider Buying and Selling at U.S. Bancorp

Insider trading activity has been notable at U.S. Bancorp. Chief Technology Officer Venkatachari Dilip sold 34,522 shares at an average price of $55.52 on May 5, 2026, totaling about $1.92 million. Officer Stephen L. Philipson sold 36,906 shares at an average price of $63.08 on July 20, 2026, worth approximately $2.33 million. General Counsel James L. Chosy sold 22,968 shares at an average price of $63.28 on July 23, 2026, totaling around $1.45 million. CEO Gunjan Kedia sold 27,267 shares at an average price of $62.37 on August 28, 2026, amounting to about $1.70 million. All these transactions occurred before the recent analyst actions.

Analysts Set New Price Targets

On the same day, several firms maintained their ratings on U.S. Bancorp. Citigroup maintained a Buy rating with a target of $70.00, while DA Davidson kept its Buy rating with a target of $73.00. Oppenheimer also maintained its Outperform rating with a target of $73.00, and RBC Capital held its Outperform rating with a target of $65.00. The consensus among analysts shows a positive outlook for U.S. Bancorp, with a mean target price that suggests further upside potential.

About U.S. Bancorp

U.S. Bancorp, headquartered in Minneapolis, MN, is a financial services holding company. It offers a variety of financial services to individuals, businesses, and government entities across the United States. The company's operations include banking, wealth management, and payment services, positioning it well within the financial services sector.

Bottom Line

Investors will be watching U.S. Bancorp closely as it approaches its next earnings report, expected to provide more details on its financial performance. The recent analyst actions, especially from Evercore ISI, highlight the firm's positive outlook for the bank, despite the stock trading below the new target price.