News stories about Associated Banc (NYSE:ASB) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Associated Banc earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.2969196750839 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Associated Banc Corp (ASB) Insider John A. Utz Sells 450 Shares (americanbankingnews.com)
- Associated Banc Corp (ASB) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Analysts Offer Predictions for Associated Banc Corp’s Q1 2018 Earnings (ASB) (americanbankingnews.com)
- National Tour of HAMILTON Coming to Milwaukee During 2019-2020 Season (urbanmilwaukee.com)
- SunTrust Banks Analysts Boost Earnings Estimates for Associated Banc Corp (ASB) (americanbankingnews.com)
A number of equities analysts have issued reports on ASB shares. Zacks Investment Research upgraded shares of Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, January 2nd. Barclays lifted their target price on shares of Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Morgan Stanley lifted their target price on shares of Associated Banc from $25.50 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 target price on shares of Associated Banc in a research note on Tuesday. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $27.00 target price on shares of Associated Banc in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.60.
Shares of Associated Banc (ASB) remained flat at $$26.55 on Friday. 636,595 shares of the stock traded hands, compared to its average volume of 857,769. The stock has a market cap of $4,013.43, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.03. Associated Banc has a 12 month low of $20.95 and a 12 month high of $26.70.
Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $276.02 million for the quarter, compared to analyst estimates of $276.88 million. Associated Banc had a net margin of 19.54% and a return on equity of 7.81%. During the same quarter in the previous year, the firm posted $0.31 EPS. analysts expect that Associated Banc will post 1.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.3828 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date was Thursday, November 30th. Associated Banc’s payout ratio is 38.36%.
In related news, insider William M. Bohn sold 15,946 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $26.00, for a total transaction of $414,596.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Moral-Niles Christopher Del sold 11,999 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $24.72, for a total transaction of $296,615.28. Following the sale, the chief financial officer now directly owns 81,092 shares in the company, valued at approximately $2,004,594.24. The disclosure for this sale can be found here. Insiders have sold 61,876 shares of company stock worth $1,570,505 in the last three months. 1.80% of the stock is currently owned by insiders.
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About Associated Banc
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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