News coverage about Associated Banc Corp (NYSE:ASB) has been trending somewhat negative recently, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Associated Banc Corp earned a coverage optimism score of -0.02 on AlphaOne’s scale. AlphaOne also assigned news stories about the bank an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Several research firms recently weighed in on ASB. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 price target on shares of Associated Banc Corp in a report on Tuesday, April 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of Associated Banc Corp in a research report on Thursday, March 23rd. Zacks Investment Research lowered Associated Banc Corp from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. SunTrust Banks, Inc. raised Associated Banc Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 29th. Finally, Barclays PLC raised their price objective on Associated Banc Corp to $26.00 and gave the company an “equal weight” rating in a research report on Friday, January 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Associated Banc Corp currently has a consensus rating of “Hold” and a consensus target price of $24.72.
Shares of Associated Banc Corp (NYSE:ASB) traded up 0.938% during trading on Friday, reaching $24.225. The company’s stock had a trading volume of 116,608 shares. The stock has a market capitalization of $3.67 billion, a PE ratio of 18.078 and a beta of 1.18. The firm’s 50-day moving average is $24.58 and its 200-day moving average is $24.37. Associated Banc Corp has a 12-month low of $15.72 and a 12-month high of $26.70.
Associated Banc Corp (NYSE:ASB) last issued its quarterly earnings data on Thursday, April 20th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Associated Banc Corp had a return on equity of 6.81% and a net margin of 17.31%. The company had revenue of $260.11 million for the quarter, compared to the consensus estimate of $266.24 million. During the same quarter last year, the company earned $0.27 earnings per share. Equities analysts expect that Associated Banc Corp will post $1.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, May 30th. Associated Banc Corp’s payout ratio is currently 38.10%.
In other Associated Banc Corp news, insider James Yee sold 2,330 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $25.46, for a total value of $59,321.80. Following the completion of the sale, the insider now directly owns 69,852 shares in the company, valued at $1,778,431.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John A. Utz sold 8,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $26.27, for a total value of $210,160.00. Following the completion of the sale, the insider now owns 55,454 shares of the company’s stock, valued at $1,456,776.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,367 shares of company stock worth $1,914,852. 2.09% of the stock is owned by corporate insiders.
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About Associated Banc Corp
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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