Six analysts have provided estimates for Associated Banc's earnings. ASB's profit will be $57.11M for 17.47 P/E if the $0.38 EPS becomes a reality. Associated Banc-Corp now has an average rating of "Hold" and an average target price of $23.50. The firm is scheduled to issue its next earnings report on Thursday, January 18th. For the next year, analysts expect that the company will post earnings of $1.60 per share, with EPS estimates ranging from $1.55 to $1.67. Zacks' earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Associated Banc.
Associated Banc (NYSE:ASB) last posted its quarterly earnings results on Thursday, October 19th. After $0.41 actual earnings per share reported by Associated Banc-Corp for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The business had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million.
ASB has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Associated Banc from $25.50 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, December 13th. Zacks Investment Research lowered shares of Associated Banc-Corp from a "buy" rating to a "hold" rating in a research note on Wednesday, November 23rd. SunTrust Banks reaffirmed a "hold" rating and issued a $24.00 price target on shares of Associated Banc in a research report on Thursday, October 12th. They set a "hold" rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Associated Banc now has a consensus rating of "Hold" and a consensus target price of $26.60.
Associated Banc-Corp (NYSE:ASB) insider David L. Stein sold 8,000 shares of the stock in a transaction dated Friday, February 3rd. Following the transaction, the chief financial officer now owns 81,784 shares in the company, valued at approximately $2,126,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The stock was sold at an average price of $26.00, for a total value of $414,596.00. The disclosure for this sale can be found here. Insiders sold 61,426 shares of company stock valued at $1,558,805 in the last ninety days.
In other news, CFO Moral-Niles Christopher Del sold 1,476 shares of the company's stock in a transaction on Monday, December 4th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Associated Banc by 2.0% during the second quarter. CNA Financial Corp now owns 91,050 shares of the company's stock worth $1,561,000 after buying an additional 1,550 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Associated Banc-Corp during the second quarter worth about $556,000.
Analysts expect Associated Banc Corp (NYSE:ASB) to report $279.35 million in sales for the current quarter, Zacks Investment Research reports. Mason Street Advisors Limited Liability Corp has 0.04% invested in Associated Banc-Corp (NYSE:ASB) for 75,117 shares. Flinton Capital Management LLC now owns 7,936 shares of the bank's stock worth $200,000 after purchasing an additional 3,360 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Associated Banc by 73.6% during the second quarter. BlackRock Inc. now owns 163,756 shares of the company's stock worth $2,809,000 after buying an additional 95,874 shares during the period.
Shares of Associated Banc Corp (NYSE:ASB) have earned an average rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. (NASDAQ:MBCN) news were published by: Businesswire.com which released: "Middlefield Banc Corp. and Liberty Bank, NA to Merge" on July 28, 2016, also Crainscleveland.com with their article: "Middlefield Banc Corp.to list common stock on Nasdaq exchange" published on September 05, 2014, Businesswire.com published: "The Middlefield Banking Company Enhances Northeast Ohio Market Commercial ..." on January 11, 2018. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.90 and a quick ratio of 0.89.
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has a market capitalization of $3,862.26, a P/E ratio of 17.50, a PEG ratio of 2.43 and a beta of 1.19.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.3828 dividend. The firm has "Outperform" rating given on Thursday, November 9 by Imperial Capital. This represents a $1.53 dividend on an annualized basis and a yield of 5.77%. Moreover, Intl Grp has 0% invested in Middlefield Banc Corp.
Associated Banc (NYSE:ASB) traded up $0.65 during trading on Monday, reaching $26.00. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation.