Shares of Associated Banc-Corp (NYSE:ASB) have been given an average rating of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.88.
A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Associated Banc from $25.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks reissued a “hold” rating and set a $27.00 price target on shares of Associated Banc in a research note on Wednesday, November 29th. Zacks Investment Research lowered Associated Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Barclays increased their target price on Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $28.00 target price on shares of Associated Banc in a research report on Thursday, October 12th.
In other news, Director William R. Hutchinson sold 4,632 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $25.70, for a total transaction of $119,042.40. Following the completion of the sale, the director now directly owns 91,209 shares in the company, valued at $2,344,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Moral-Niles Christopher Del sold 1,476 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.00, for a total value of $38,376.00. Following the sale, the chief financial officer now owns 81,784 shares of the company’s stock, valued at $2,126,384. The disclosure for this sale can be found here. Insiders have sold 61,426 shares of company stock valued at $1,558,805 over the last 90 days. Insiders own 1.80% of the company’s stock.
Shares of Associated Banc (NYSE:ASB) traded up $0.40 during trading on Monday, hitting $25.35. The company’s stock had a trading volume of 2,875,800 shares, compared to its average volume of 911,647. Associated Banc has a one year low of $20.95 and a one year high of $26.70. The stock has a market cap of $3,832.03, a price-to-earnings ratio of 17.36, a PEG ratio of 2.42 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.03.
Associated Banc (NYSE:ASB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The company had revenue of $276.02 million for the quarter, compared to analyst estimates of $276.88 million. During the same quarter in the prior year, the company posted $0.31 EPS. analysts forecast that Associated Banc will post 1.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.3828 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.53 annualized dividend and a dividend yield of 6.04%. Associated Banc’s dividend payout ratio is presently 38.36%.
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.
What are top analysts saying about Associated Banc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Associated Banc and related companies.