News coverage about Associated Banc-Corp (NYSE:ASB) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Associated Banc-Corp earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 44.8945779851032 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- IHS Markit Score downgrades Associated Banc-Corp to 37 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Nationstar Mortgage Holdings (NSM) Earns Daily Media Sentiment Score of 0.17 (iphonefresh.com)
A number of brokerages have commented on ASB. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price target on shares of Associated Banc-Corp in a research report on Friday, July 7th. BidaskClub upgraded Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and issued a $27.00 price target on shares of Associated Banc-Corp in a research report on Sunday, June 11th. Zacks Investment Research cut Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $25.00 price target (up previously from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.00.
Associated Banc-Corp (NYSE:ASB) opened at 22.25 on Friday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 16.01 and a beta of 1.16. Associated Banc-Corp has a 1-year low of $18.85 and a 1-year high of $26.70. The stock has a 50 day moving average price of $24.25 and a 200-day moving average price of $24.71.
Associated Banc-Corp (NYSE:ASB) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. The company had revenue of $266.23 million during the quarter, compared to the consensus estimate of $273.29 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts forecast that Associated Banc-Corp will post $1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.48 annualized dividend and a yield of 2.16%. Associated Banc-Corp’s dividend payout ratio is presently 34.53%.
In other Associated Banc-Corp news, insider John A. Utz sold 8,054 shares of the company’s 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 transaction, the insider now owns 44,405 shares in the company, valued at $1,048,846.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip B. Flynn sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $23.61, for a total transaction of $236,100.00. Following the completion of the transaction, the chief executive officer now owns 127,585 shares of the company’s stock, valued at approximately $3,012,281.85. The disclosure for this sale can be found here. Insiders sold 38,772 shares of company stock valued at $914,334 in the last 90 days. 1.80% of the stock is currently owned by insiders.
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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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