Media headlines about Associated Banc (NYSE:ASB) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Associated Banc earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 43.7931071042239 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
ASB stock opened at $24.35 on Friday. Associated Banc has a fifty-two week low of $20.95 and a fifty-two week high of $27.20. The company has a market capitalization of $3,989.39, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10.
Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, January 25th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The firm had revenue of $272.00 million for the quarter, compared to analyst estimates of $281.38 million. During the same period in the previous year, the company earned $0.34 EPS. Associated Banc’s revenue was up 5.8% compared to the same quarter last year. equities research analysts expect that Associated Banc will post 1.77 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. ValuEngine cut Associated Banc from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley reduced their target price on Associated Banc from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Barclays reissued a “hold” rating and set a $28.00 target price on shares of Associated Banc in a report on Tuesday, January 30th. SunTrust Banks reissued a “hold” rating and set a $27.00 target price on shares of Associated Banc in a report on Wednesday, November 29th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $27.00 target price on shares of Associated Banc in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.30.
In other news, Director William R. Hutchinson sold 15,032 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $24.42, for a total value of $367,081.44. Following the completion of the sale, the director now directly owns 81,013 shares in the company, valued at $1,978,337.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William M. Bohn sold 19,011 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.82, for a total value of $471,853.02. Following the completion of the sale, the insider now owns 59,290 shares of the company’s stock, valued at $1,471,577.80. The disclosure for this sale can be found here. Insiders sold 143,018 shares of company stock valued at $3,633,598 over the last 90 days. Company insiders own 2.13% of the company’s stock.
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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