Piper Jaffray initiated the stock with "Neutral" rating in Thursday, January 12 report.
TRADEMARK VIOLATION WARNING: "Associated Banc Corp (ASB) Insider John A. Utz Sells 450 Shares" was posted by BBNS and is owned by of BBNS. For the next fiscal year, analysts forecast that the company will post sales of $1.25 billion per share, with estimates ranging from $1.22 billion to $1.29 billion. Zacks' earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Associated Banc.
Stephens initiated Associated Banc-Corp (NYSE:ASB) on Tuesday, January 12 with "Equal-Weight" rating. The bank reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. Associated Banc-Corp had a return on equity of 6.81% and a net margin of 17.31%. The business had revenue of $276.02 million during the quarter, compared to analyst estimates of $276.88 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Baird reissued a "hold" rating and issued a $25.00 price target on shares of Associated Banc in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Associated Banc from a "buy" rating to a "hold" rating in a report on Wednesday, November 1st. SunTrust Banks set a $26.00 price target on Associated Banc and gave the company a "hold" rating in a research note on Saturday, October 21st. 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 report on Monday, October 23rd.
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The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.02. Jpmorgan Chase & invested 0.01% of its portfolio in Sirius XM Holdings Inc. 13,322 are held by Bender Robert & Assoc.
A number of analysts have weighed in on the stock. Associated Banc now has a consensus rating of "Hold" and a consensus target price of $26.60.
The stock of Associated Banc-Corp (NYSE:ASB) hit a new 52-week high and has $27.27 target or 3.00% above today's $26.48 share price. The shares were sold at an average price of $25.70, for a total transaction of $119,042.40. Following the completion of the transaction, the insider now owns 37,722 shares of the company's stock, valued at approximately $940,032.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Hutchinson sold 4,632 shares of the company's stock in a transaction on Wednesday, October 25th. This is at an average price-per-share of $26.0 U.S Dollars. The disclosure for this sale can be found here. Insiders have sold a total of 61,426 shares of company stock valued at $1,558,805 in the last ninety days.
In other news, CFO Moral-Niles Christopher Del sold 1,476 shares of the company's stock in a transaction on Monday, December 4th.
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Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Associated Banc by 2.0% during the second quarter. Wells Fargo & Company MN now owns 1,840,826 shares of the bank's stock valued at $46,389,000 after buying an additional 38,996 shares during the period. Russell Investments Group Ltd. increased its position in shares of Associated Banc by 85.7% during the second quarter. Meeder Asset Management Inc. raised its holdings in Associated Banc by 393.4% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 23,739 shares of the company's stock worth $407,000 after buying an additional 868 shares during the period. Flinton Capital Management LLC lifted its position in shares of Associated Banc by 73.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 57,517 shares of the bank's stock valued at $1,449,000 after buying an additional 18,435 shares during the period. Finally, Riverhead Capital Management LLC raised its holdings in Associated Banc by 73.6% during the 2nd quarter. Can now owns 93,838 shares of the bank's stock valued at $2,360,000 after buying an additional 2,767 shares during the period. Martingale Asset Mgmt L P holds 0.04% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 114,205 shares. The company's stock had a trading volume of 702,509 shares, compared to its average volume of 910,747. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.90 and a quick ratio of 0.89. Associated Banc Corp has a 1 year low of $20.95 and a 1 year high of $26.70. The firm has a market capitalization of $4,010.00, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.3828 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.89%. Associated Banc's dividend payout ratio is now 38.36%. Invesco Limited invested 0% in Associated Banc-Corp (NYSE:ASB). If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & global copyright law.
Middlefield Banc Corp. operates as the bank holding firm for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail clients in northeastern and central Ohio.
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