Associated Banc (ASB) to Release Earnings on Thursday

Associated Banc (NYSE:ASB) is scheduled to release its Q3 2019 earnings data after the market closes on Thursday, October 24th. Analysts expect Associated Banc to post earnings of $0.47 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Associated Banc (NYSE:ASB) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Associated Banc had a return on equity of 9.86% and a net margin of 22.01%. The business had revenue of $309.46 million for the quarter, compared to analysts’ expectations of $315.84 million. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ASB opened at $20.70 on Wednesday. Associated Banc has a 1-year low of $18.52 and a 1-year high of $23.84. The stock’s fifty day simple moving average is $19.95 and its 200 day simple moving average is $20.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.97. The stock has a market cap of $3.33 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.

In other Associated Banc news, CFO Moral-Niles Christopher Del sold 3,972 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $20.28, for a total transaction of $80,552.16. Following the transaction, the chief financial officer now owns 52,808 shares in the company, valued at approximately $1,070,946.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Piotrowski sold 10,726 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $21.37, for a total value of $229,214.62. Following the transaction, the insider now owns 40,276 shares in the company, valued at approximately $860,698.12. The disclosure for this sale can be found here. Insiders have sold a total of 19,698 shares of company stock worth $422,887 in the last quarter. Company insiders own 2.69% of the company’s stock.

A number of research firms recently weighed in on ASB. SunTrust Banks set a $22.00 price target on Associated Banc and gave the company a “hold” rating in a research note on Monday, September 9th. Royal Bank of Canada set a $23.00 price objective on Associated Banc and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded Associated Banc from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.43.

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. 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.

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Earnings History for Associated Banc (NYSE:ASB)

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