Associated Banc (ASB) Earning Somewhat Favorable News Coverage, Report Finds

Media headlines about Associated Banc (NYSE:ASB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Associated Banc earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.786610564611 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Associated Banc (NYSE:ASB) opened at $23.60 on Friday. Associated Banc has a 12 month low of $20.95 and a 12 month high of $26.70. The firm has a market capitalization of $4,238.06, a price-to-earnings ratio of 16.50, a PEG ratio of 1.99 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.10.

Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $281.38 million. During the same quarter last year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. sell-side analysts predict that Associated Banc will post 1.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 28th. This is a positive change from Associated Banc’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.54%. Associated Banc’s dividend payout ratio (DPR) is 39.16%.

Several research firms have issued reports on ASB. SunTrust Banks set a $26.00 price objective on Associated Banc and gave the stock a “hold” rating in a research note on Saturday, October 21st. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 price objective on shares of Associated Banc in a research note on Tuesday, January 9th. Barclays increased their price objective on Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley increased their price objective 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.30.

In related news, insider William M. Bohn sold 15,946 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $26.00, for a total value of $414,596.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Moral-Niles Christopher Del sold 11,999 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $24.72, for a total value of $296,615.28. Following the completion of the transaction, the chief financial officer now owns 81,092 shares in the company, valued at approximately $2,004,594.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,644 shares of company stock valued at $1,840,922. 1.80% of the stock is currently owned by corporate insiders.

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Associated Banc Company Profile

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.

Insider Buying and Selling by Quarter for Associated Banc (NYSE:ASB)

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