Associated Banc (NYSE:ASB – Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.53 per share and revenue of $341,571.40 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Associated Banc (NYSE:ASB – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Associated Banc had a return on equity of 8.18% and a net margin of 8.15%. The business had revenue of $607.54 million during the quarter, compared to analysts’ expectations of $336.52 million. During the same period in the previous year, the business earned $0.53 earnings per share. 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 Trading Up 0.6 %
Shares of NYSE:ASB opened at $25.17 on Tuesday. The business’s 50 day moving average price is $25.35 and its 200-day moving average price is $23.30. Associated Banc has a 1 year low of $19.40 and a 1 year high of $28.18. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.88 and a quick ratio of 0.88.
Associated Banc Increases Dividend
Insider Activity
In related news, EVP John A. Utz sold 19,044 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $24.19, for a total transaction of $460,674.36. Following the completion of the sale, the executive vice president now directly owns 100,204 shares of the company’s stock, valued at approximately $2,423,934.76. This trade represents a 15.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David L. Stein sold 29,536 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.43, for a total transaction of $810,172.48. Following the completion of the transaction, the executive vice president now directly owns 81,021 shares in the company, valued at $2,222,406.03. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Associated Banc from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Piper Sandler increased their price objective on Associated Banc from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods upped their target price on shares of Associated Banc from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Barclays boosted their price target on shares of Associated Banc from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Associated Banc in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.
Read Our Latest Stock Analysis on ASB
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.
Featured Articles
- Five stocks we like better than Associated Banc
- What is Forex and How Does it Work?
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- What Are Dividend Champions? How to Invest in the Champions
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- Election Stocks: How Elections Affect the Stock Market
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.