$0.41 EPS Expected for Associated Banc-Corp (ASB) This Quarter

Analysts expect Associated Banc-Corp (NYSE:ASB) to announce $0.41 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Associated Banc’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.39. Associated Banc posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is scheduled to report its next earnings report after the market closes on Thursday, April 19th.

According to Zacks, analysts expect that Associated Banc will report full year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.83. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Associated Banc.

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Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The company had revenue of $272.00 million for the quarter, compared to analyst estimates of $281.38 million. Associated Banc had a return on equity of 8.05% and a net margin of 18.80%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share.

A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Associated Banc from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Piper Jaffray reiterated a “hold” rating and issued a $26.00 price target on shares of Associated Banc in a research report on Sunday, January 28th. Barclays lifted their price target on shares of Associated Banc from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Associated Banc from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley dropped their price target on shares of Associated Banc from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.30.

Shares of ASB stock opened at $24.70 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $3,708.77, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.98 and a beta of 0.99. Associated Banc has a 12-month low of $20.95 and a 12-month high of $27.20.

In other Associated Banc news, insider Timothy J. Lau sold 19,558 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $26.75, for a total transaction of $523,176.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Hutchinson sold 15,032 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $24.42, for a total transaction of $367,081.44. Following the transaction, the director now owns 81,013 shares of the company’s stock, valued at $1,978,337.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 142,568 shares of company stock valued at $3,621,898. 2.13% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Landaas & Co. WI ADV grew its stake in shares of Associated Banc by 98.8% during the fourth quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock worth $107,000 after buying an additional 2,091 shares during the last quarter. QS Investors LLC grew its stake in shares of Associated Banc by 1,369.9% during the fourth quarter. QS Investors LLC now owns 5,027 shares of the bank’s stock worth $128,000 after buying an additional 4,685 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Associated Banc during the third quarter worth $157,000. Savant Capital LLC bought a new stake in shares of Associated Banc during the fourth quarter worth $202,000. Finally, JOYN Advisors Inc. bought a new stake in shares of Associated Banc during the fourth quarter worth $209,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

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About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.

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Earnings History and Estimates for Associated Banc (NYSE:ASB)

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