Associated Banc (ASB) to Release Earnings on Thursday

Associated Banc (NYSE:ASB – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Associated Banc Price Performance

Shares of ASB opened at $22.25 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.07. The stock has a market cap of $3.35 billion, a PE ratio of 10.40, a PEG ratio of 1.18 and a beta of 1.02. Associated Banc has a 12-month low of $17.45 and a 12-month high of $25.78. The business has a 50-day simple moving average of $23.17 and a two-hundred day simple moving average of $21.87.

Insider Buying and Selling at Associated Banc

In other news, insider Tammy C. Stadler sold 10,941 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $24.68, for a total transaction of $270,023.88. Following the completion of the transaction, the insider now directly owns 57,510 shares in the company, valued at $1,419,346.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP David L. Stein sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $24.32, for a total transaction of $291,840.00. Following the completion of the transaction, the executive vice president now directly owns 70,485 shares in the company, valued at $1,714,195.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tammy C. Stadler sold 10,941 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $24.68, for a total value of $270,023.88. Following the transaction, the insider now owns 57,510 shares of the company’s stock, valued at $1,419,346.80. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.

Institutional Investors Weigh In On Associated Banc

Several large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its stake in Associated Banc by 2.4% during the second quarter. Bank of Montreal Can now owns 22,085 shares of the bank’s stock worth $420,000 after purchasing an additional 513 shares during the period. Eaton Vance Management grew its stake in Associated Banc by 1.1% during the first quarter. Eaton Vance Management now owns 46,341 shares of the bank’s stock worth $1,054,000 after purchasing an additional 526 shares during the period. Captrust Financial Advisors grew its stake in Associated Banc by 5.4% during the second quarter. Captrust Financial Advisors now owns 10,458 shares of the bank’s stock worth $191,000 after purchasing an additional 535 shares during the period. Royal Bank of Canada grew its stake in Associated Banc by 1.1% during the third quarter. Royal Bank of Canada now owns 76,358 shares of the bank’s stock worth $1,533,000 after purchasing an additional 860 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Associated Banc by 11.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,451 shares of the bank’s stock worth $192,000 after purchasing an additional 884 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America upgraded Associated Banc from an “underperform” rating to a “neutral” rating and set a $24.00 target price for the company in a research report on Tuesday, October 25th. StockNews.com assumed coverage on Associated Banc in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Associated Banc

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Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services.