Associated Banc (ASB) to Release Earnings on Thursday

Associated Banc (NYSE:ASB - Get Free Report) is expected to post its quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect Associated Banc to post earnings of $0.56 per share and revenue of $347.86 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Associated Banc (NYSE:ASB - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Associated Banc Stock Up 1.3 %

Shares of NYSE:ASB traded up $0.27 during trading hours on Friday, reaching $19.93. The stock had a trading volume of 5,193,367 shares, compared to its average volume of 1,517,115. Associated Banc has a 1 year low of $18.32 and a 1 year high of $28.18. The firm's 50 day moving average is $22.32 and its 200-day moving average is $23.83. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.52 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.88.

Associated Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.62%. The ex-dividend date was Monday, March 3rd. Associated Banc's dividend payout ratio (DPR) is presently 116.46%.

Insider Buying and Selling at Associated Banc

In other news, Director John B. Williams sold 2,830 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $25.09, for a total value of $71,004.70. Following the transaction, the director now owns 66,915 shares of the company's stock, valued at approximately $1,678,897.35. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total value of $172,970.00. Following the sale, the director now directly owns 49,495 shares of the company's stock, valued at approximately $1,223,021.45. This represents a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ASB shares. StockNews.com cut Associated Banc from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Barclays lowered their price target on Associated Banc from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Stephens restated an "equal weight" rating and issued a $28.00 target price on shares of Associated Banc in a report on Tuesday, March 25th. Finally, Royal Bank of Canada lifted their price target on shares of Associated Banc from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.67.

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.