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.
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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