Associated Banc (ASB) Set to Announce Quarterly Earnings on Thursday

Associated Banc (NYSE:ASB) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Associated Banc to post earnings of $0.50 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 posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $322.22 million for the quarter, compared to analysts’ expectations of $325.89 million. Associated Banc had a net margin of 8.12% and a return on equity of 8.90%. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Associated Banc Stock Performance

Shares of Associated Banc stock opened at $20.99 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00. The stock’s 50-day moving average is $20.72 and its 200-day moving average is $19.69. Associated Banc has a one year low of $14.47 and a one year high of $22.16.

Associated Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.19%. Associated Banc’s dividend payout ratio is 77.88%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ASB shares. Piper Sandler boosted their target price on Associated Banc from $21.50 to $23.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $23.00 price target on shares of Associated Banc in a research note on Tuesday, April 9th. Barclays initiated coverage on shares of Associated Banc in a research report on Friday, March 8th. They set an “equal weight” rating and a $22.00 price objective for the company. Wells Fargo & Company upped their target price on Associated Banc from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Finally, Raymond James lifted their price target on Associated Banc from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Associated Banc has a consensus rating of “Hold” and a consensus target price of $22.63.

Insider Activity at Associated Banc

In other Associated Banc news, EVP John A. Utz sold 14,010 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $21.20, for a total transaction of $297,012.00. Following the completion of the transaction, the executive vice president now owns 89,880 shares in the company, valued at $1,905,456. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John A. Utz sold 14,010 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.20, for a total value of $297,012.00. Following the completion of the sale, the executive vice president now owns 89,880 shares of the company’s stock, valued at approximately $1,905,456. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen A. Kamerick sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $21.02, for a total transaction of $105,100.00. Following the completion of the transaction, the director now directly owns 50,126 shares of the company’s stock, valued at $1,053,648.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,710 shares of company stock valued at $454,897. 1.45% of the stock is owned by corporate insiders.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.