Associated Banc (ASB) Getting Somewhat Positive Media Coverage, Analysis Shows

Media coverage about Associated Banc (NYSE:ASB) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Associated Banc earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 44.6664772048542 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Associated Banc (ASB) traded down $0.03 on Friday, hitting $25.55. The company’s stock had a trading volume of 1,060,000 shares, compared to its average volume of 806,437. Associated Banc has a 1 year low of $20.95 and a 1 year high of $26.70. The firm has a market cap of $3,860.00, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 2.43 and a beta of 1.19. 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 (NYSE:ASB) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The firm had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million. During the same quarter last year, the business posted $0.31 EPS. research analysts expect that Associated Banc will post 1.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.3828 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Thursday, November 30th. Associated Banc’s dividend payout ratio is currently 38.62%.

Several research firms have weighed in on ASB. DA Davidson upgraded Associated Banc from an “underperform” rating to a “neutral” rating and set a $21.00 target price on the stock in a report on Wednesday, September 6th. Barclays lifted their price target on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. SunTrust Banks reissued a “hold” rating and issued a $24.00 price target on shares of Associated Banc in a research note on Thursday, October 12th. Jefferies Group reissued a “hold” rating and issued a $28.00 price target on shares of Associated Banc in a research note on Thursday, October 12th. Finally, ValuEngine downgraded Associated Banc from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.91.

In related news, EVP Breck F. Hanson sold 6,000 shares of Associated Banc stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.71, for a total value of $154,260.00. Following the sale, the executive vice president now owns 15,536 shares of the company’s stock, valued at $399,430.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William R. Hutchinson sold 4,632 shares of Associated Banc stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $25.70, for a total value of $119,042.40. Following the completion of the sale, the director now directly owns 91,209 shares in the company, valued at approximately $2,344,071.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,950 shares of company stock worth $1,520,429. 1.80% of the stock is owned by company insiders.

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About Associated Banc

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.

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