Associated Banc (ASB) Scheduled to Post Earnings on Thursday

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

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $330.69 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. 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

Shares of ASB stock opened at $22.90 on Thursday. The company’s fifty day moving average price is $21.52 and its 200-day moving average price is $21.39. The stock has a market cap of $3.45 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. Associated Banc has a 12 month low of $15.16 and a 12 month high of $24.21.

Associated Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors 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 3.84%. The ex-dividend date of this dividend was Tuesday, September 3rd. Associated Banc’s payout ratio is currently 88.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on ASB shares. Baird R W cut Associated Banc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Royal Bank of Canada boosted their target price on Associated Banc from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Stephens restated an “equal weight” rating and set a $24.00 price target on shares of Associated Banc in a report on Tuesday, July 30th. Piper Sandler upped their price target on shares of Associated Banc from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Associated Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.78.

Insider Buying and Selling at Associated Banc

In related news, EVP Randall J. Erickson sold 23,774 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $22.99, for a total value of $546,564.26. Following the sale, the executive vice president now owns 128,680 shares in the company, valued at approximately $2,958,353.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Randall J. Erickson sold 23,774 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 128,680 shares in the company, valued at approximately $2,958,353.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John A. Utz sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $22.78, for a total value of $45,560.00. Following the completion of the transaction, the executive vice president now directly owns 99,637 shares in the company, valued at approximately $2,269,730.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,835 shares of company stock worth $757,214. Company insiders own 1.45% of the company’s stock.

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.