Associated Banc-Corp (ASB) Earning Somewhat Positive News Coverage, Study Shows

News articles about Associated Banc-Corp (NYSE:ASB) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Associated Banc-Corp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.5663072870112 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the headlines that may have effected Accern’s analysis:

Shares of Associated Banc-Corp (ASB) opened at 22.90 on Friday. The company has a 50-day moving average of $22.47 and a 200 day moving average of $24.09. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70. The company has a market cap of $3.47 billion, a PE ratio of 16.47 and a beta of 1.17.

Associated Banc-Corp (NYSE:ASB) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. The business had revenue of $266.23 million for the quarter, compared to the consensus estimate of $273.29 million. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities research analysts expect that Associated Banc-Corp will post $1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, August 30th. Associated Banc-Corp’s payout ratio is currently 34.53%.

A number of brokerages recently weighed in on ASB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 21st. BidaskClub raised shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. DA Davidson upgraded shares of Associated Banc-Corp from an “underperform” rating to a “neutral” rating and set a $21.00 price target on the stock in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Associated Banc-Corp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, June 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price target (up from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.25.

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In other news, CEO Philip B. Flynn sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $23.61, for a total value of $236,100.00. Following the completion of the transaction, the chief executive officer now directly owns 127,585 shares in the company, valued at $3,012,281.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John A. Utz sold 8,054 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $23.62, for a total value of $190,235.48. Following the completion of the transaction, the insider now owns 44,405 shares of the company’s stock, valued at $1,048,846.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,772 shares of company stock valued at $914,334. 1.80% of the stock is currently owned by company insiders.

Associated Banc-Corp Company Profile

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.

Insider Buying and Selling by Quarter for Associated Banc-Corp (NYSE:ASB)

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