As reported in a recent SEC filing, on July 18, 2024, Aleem Gilani, Director of US Bancorp (NYSE:USB), purchased 10,000 shares of the company’s stock. This transaction increased the insider’s holdings to 10,000 shares.
US Bancorp, a leading financial services company, offers a variety of banking and financial products and services in the United States. The company’s services include loan and deposit services, cash management, foreign exchange, trust and investment management services.
The shares were acquired at a price of $44.99 per share, giving the transaction a value of $449,900. The acquisition will increase US Bancorp’s market capitalization to $69.3 billion.
US Bancorp’s price-to-earnings ratio is 14.10x, which is higher than the industry median of 10.12x. This ratio is higher than the company’s historical median.
According to GF Value, the intrinsic value of US Bancorp’s stock is estimated at $51.56 per share, and the price to GF Value ratio of 0.87 suggests the stock is modestly undervalued.
Director Aleem Gilani purchases 10,000 shares of US Bancorp (USB)
US Bancorp’s insider trading history over the past year shows a pattern of 1 insider purchase and 8 insider sales. The recent insider purchases represent a notable increase in ownership, indicating a potentially positive outlook on the stock’s future performance.
Director Aleem Gilani purchases 10,000 shares of US Bancorp (USB)
This insider purchase may signal to investors that insiders are confident in the company’s future prospects, especially considering the current valuation metrics and stock price performance relative to GF Value.
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This article first appeared on GuruFocus.
