Associated Banc (ASB) Scheduled to Post Earnings on Thursday

Associated Banc (NYSE:ASB) will post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Associated Banc to post earnings of $0.50 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Associated Banc had a return on equity of 8.14% and a net margin of 7.93%. The business had revenue of $321.75 million for the quarter, compared to analysts’ expectations of $330.69 million. During the same period last year, the business earned $0.56 EPS. The business’s revenue was down .5% on a year-over-year basis. 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 Price Performance

Shares of NYSE:ASB opened at $22.45 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $21.69 and its two-hundred day simple moving average is $21.44. Associated Banc has a 1-year low of $15.20 and a 1-year high of $24.21. The stock has a market cap of $3.38 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.92%. The ex-dividend date was Tuesday, September 3rd. Associated Banc’s dividend payout ratio (DPR) is presently 88.89%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP Randall J. Erickson sold 23,774 shares of Associated Banc stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $22.99, for a total transaction of $546,564.26. Following the completion of the transaction, the executive vice president now owns 128,680 shares of the company’s stock, valued at $2,958,353.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP John A. Utz sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $22.78, for a total transaction of $45,560.00. Following the completion of the transaction, the executive vice president now owns 99,637 shares of the company’s stock, valued at approximately $2,269,730.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randall J. Erickson sold 23,774 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $22.99, for a total value of $546,564.26. Following the transaction, the executive vice president now directly owns 128,680 shares of the company’s stock, valued at $2,958,353.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,835 shares of company stock valued at $757,214 in the last quarter. 1.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ASB shares. Piper Sandler lifted their target price on Associated Banc from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Associated Banc from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Barclays boosted their price objective on Associated Banc from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Jefferies Financial Group lowered their price objective on Associated Banc from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Finally, Robert W. Baird lowered their price objective on Associated Banc from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.78.

Associated Banc Company Profile

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.