Associated Banc (ASB) Getting Somewhat Positive News Coverage, Study Shows

News stories about Associated Banc (NYSE:ASB) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Associated Banc earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7253610740369 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently commented on ASB. Barclays increased their price objective on shares of Associated Banc from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 23rd. Zacks Investment Research raised shares of Associated Banc from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, May 1st. ValuEngine raised shares of Associated Banc from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Piper Jaffray reaffirmed a “hold” rating and set a $26.00 price target on shares of Associated Banc in a research note on Sunday, January 28th. Finally, Morgan Stanley decreased their price target on shares of Associated Banc from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.40.

Associated Banc opened at $27.30 on Friday, MarketBeat reports. Associated Banc has a 12-month low of $26.70 and a 12-month high of $26.90. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.88.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, April 19th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.09. Associated Banc had a net margin of 18.87% and a return on equity of 8.53%. The company had revenue of $300.25 million for the quarter, compared to analysts’ expectations of $292.49 million. During the same period last year, the company earned $0.35 EPS. equities research analysts expect that Associated Banc will post 1.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. Associated Banc’s dividend payout ratio is presently 39.47%.

In related news, insider David L. Stein sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $26.58, for a total value of $132,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Moral-Niles Christopher Del sold 4,240 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $27.14, for a total transaction of $115,073.60. Following the completion of the sale, the chief financial officer now directly owns 58,555 shares in the company, valued at $1,589,182.70. The disclosure for this sale can be found here. Insiders sold 151,879 shares of company stock worth $3,971,509 over the last three months. Corporate insiders own 2.13% of the company’s stock.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily 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.

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

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