Associated Banc (ASB) Set to Announce Earnings on Thursday

Associated Banc (NYSE:ASB) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Associated Banc (NYSE:ASB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $322.22 million during the quarter, compared to the consensus estimate of $325.89 million. Associated Banc had a return on equity of 8.90% and a net margin of 8.12%. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Associated Banc Stock Performance

ASB opened at $20.99 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.21 and a beta of 1.00. The company has a fifty day moving average of $20.72 and a 200 day moving average of $19.69. Associated Banc has a fifty-two week low of $14.47 and a fifty-two week high of $22.16.

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 4.19%. Associated Banc’s dividend payout ratio (DPR) is 77.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays began coverage on shares of Associated Banc in a report on Friday, March 8th. They issued an “equal weight” rating and a $22.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $23.00 price objective on shares of Associated Banc in a research note on Tuesday, April 9th. Piper Sandler raised their price objective on Associated Banc from $21.50 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Wells Fargo & Company increased their price target on Associated Banc from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Finally, Raymond James boosted their price objective on shares of Associated Banc from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.63.

Insider Buying and Selling

In other news, Director Eileen A. Kamerick sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.02, for a total transaction of $105,100.00. Following the transaction, the director now owns 50,126 shares of the company’s stock, valued at approximately $1,053,648.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Associated Banc news, Director John B. Williams sold 2,700 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $19.55, for a total transaction of $52,785.00. Following the sale, the director now owns 62,876 shares of the company’s stock, valued at approximately $1,229,225.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen A. Kamerick sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.02, for a total value of $105,100.00. Following the completion of the transaction, the director now directly owns 50,126 shares of the company’s stock, valued at $1,053,648.52. The disclosure for this sale can be found here. Insiders have sold a total of 21,710 shares of company stock valued at $454,897 over the last quarter. 1.45% of the stock is owned by corporate insiders.

About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.