Associated Banc (ASB) Set to Announce Quarterly Earnings on Thursday

Associated Banc (NYSE:ASB - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Associated Banc (NYSE:ASB - Get Free Report) last announced its earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $330.69 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company's revenue for the quarter 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 Up 2.2 %

Shares of NYSE:ASB opened at $22.90 on Thursday. Associated Banc has a 1 year low of $15.16 and a 1 year high of $24.21. The business has a 50 day simple moving average of $21.52 and a two-hundred day simple moving average of $21.39. The firm has a market capitalization 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 debt-to-equity ratio of 0.79, a current ratio of 0.89 and a quick ratio of 0.89.

Associated Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 3.84%. Associated Banc's dividend payout ratio (DPR) is presently 88.89%.

Wall Street Analysts Forecast Growth

ASB has been the subject of several recent analyst reports. Robert W. Baird dropped their target price on Associated Banc from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on Associated Banc from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Friday, July 26th. Stephens reiterated an "equal weight" rating and issued a $24.00 price target on shares of Associated Banc in a report on Tuesday, July 30th. Jefferies Financial Group lowered their price target on Associated Banc from $24.00 to $22.00 and set a "hold" rating for the company in a report on Wednesday, July 3rd. Finally, Piper Sandler boosted their price target on Associated Banc from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, July 26th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.78.

Insider Buying and Selling

In related news, Director Lith Karen Van sold 8,061 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.48, for a total value of $165,089.28. Following the completion of the transaction, the director now owns 54,114 shares of the company's stock, valued at $1,108,254.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lith Karen Van sold 8,061 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.48, for a total transaction of $165,089.28. Following the completion of the sale, the director now owns 54,114 shares in the company, valued at approximately $1,108,254.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Randall J. Erickson sold 23,774 shares of the stock in a transaction 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 of the company's stock, valued at approximately $2,958,353.20. This represents 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 over the last 90 days. Corporate insiders own 1.45% of the company's stock.

About Associated Banc

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.