Associated Banc (ASB) Set to Announce Earnings on Thursday

Associated Banc (NYSE:ASB) is scheduled to be releasing its Q3 2019 earnings data after the market closes on Thursday, October 24th. Analysts expect Associated Banc to post earnings of $0.47 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, July 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $309.46 million for the quarter, compared to analysts’ expectations of $315.84 million. Associated Banc had a return on equity of 9.86% and a net margin of 22.01%. During the same period in the previous year, the firm posted $0.53 EPS. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE ASB opened at $20.68 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.33 and a beta of 1.20. The stock’s fifty day simple moving average is $19.92 and its 200 day simple moving average is $20.83. Associated Banc has a 52-week low of $18.52 and a 52-week high of $23.84.

In other news, insider Christopher C. Piotrowski sold 10,726 shares of Associated Banc stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $21.37, for a total transaction of $229,214.62. Following the transaction, the insider now owns 40,276 shares in the company, valued at $860,698.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Moral-Niles Christopher Del sold 3,972 shares of Associated Banc stock in a transaction on Friday, August 9th. The shares were sold at an average price of $20.28, for a total value of $80,552.16. Following the transaction, the chief financial officer now owns 52,808 shares in the company, valued at approximately $1,070,946.24. The disclosure for this sale can be found here. Insiders have sold 19,698 shares of company stock worth $422,887 in the last quarter. 2.69% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on ASB. SunTrust Banks set a $22.00 target price on Associated Banc and gave the stock a “hold” rating in a report on Monday, September 9th. ValuEngine upgraded Associated Banc from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $23.00 target price on Associated Banc and gave the stock a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.43.

About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses 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 for Associated Banc (NYSE:ASB)

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