Associated Banc-Corp (NYSE:ASB) is scheduled to release its earnings data after the market closes on Thursday, October 19th. Analysts expect Associated Banc-Corp to post earnings of $0.37 per share for the quarter.
Associated Banc-Corp (NYSE:ASB) last announced its earnings results on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $266.23 million for the quarter, compared to the consensus estimate of $273.29 million. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. During the same period last year, the company posted $0.31 EPS. On average, analysts expect Associated Banc-Corp to post $1.43 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
Shares of Associated Banc-Corp (NYSE ASB) opened at 24.15 on Wednesday. Associated Banc-Corp has a one year low of $19.00 and a one year high of $26.70. The firm has a market capitalization of $3.66 billion, a P/E ratio of 17.37 and a beta of 1.19. The firm’s 50-day moving average is $23.24 and its 200 day moving average is $23.98.
A number of equities analysts have issued reports on the company. SunTrust Banks, Inc. restated a “hold” rating and set a $24.00 price target on shares of Associated Banc-Corp in a report on Thursday, October 12th. Jefferies Group LLC restated a “hold” rating and set a $28.00 price target on shares of Associated Banc-Corp in a report on Thursday, October 12th. Robert W. Baird restated a “hold” rating and set a $25.00 price target on shares of Associated Banc-Corp in a report on Sunday, October 1st. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Associated Banc-Corp in a report on Friday, September 22nd. Finally, DA Davidson upgraded Associated Banc-Corp from an “underperform” rating to a “neutral” rating and set a $21.00 price target on the stock in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.20.
In related news, CEO Philip B. Flynn sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $23.61, for a total value of $236,100.00. Following the completion of the sale, the chief executive officer now directly owns 127,585 shares of the company’s stock, valued at approximately $3,012,281.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John A. Utz sold 8,054 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $23.62, for a total value of $190,235.48. Following the completion of the sale, the insider now directly owns 44,405 shares of the company’s stock, valued at $1,048,846.10. The disclosure for this sale can be found here. Insiders sold a total of 38,772 shares of company stock valued at $914,334 over the last three months. 1.80% of the stock is currently owned by insiders.
About Associated Banc-Corp
Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.
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