Press coverage about Associated Banc (NYSE:ASB) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.7382117085722 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Moral-Niles Christopher Del Sells 4,000 Shares of Associated Banc Corp (ASB) Stock (americanbankingnews.com)
- Associated Banc Corp (ASB) Insider Timothy J. Lau Sells 19,558 Shares (americanbankingnews.com)
- Form 4 ASSOCIATED BANC-CORP For: Mar 12 Filed by: Lau Timothy J (streetinsider.com)
- Have Investors Priced In Associated Banc-Corp’s (NYSE:ASB) Growth? (finance.yahoo.com)
- Associated Banc (ASB) versus Provident Financial Services (PFS) Head to Head Survey (americanbankingnews.com)
Shares of Associated Banc (ASB) opened at $26.70 on Wednesday. The stock has a market cap of $4,570.00, a PE ratio of 17.68, a P/E/G ratio of 2.14 and a beta of 1.03. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. Associated Banc has a 1 year low of $20.95 and a 1 year high of $27.20.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from Associated Banc’s previous quarterly dividend of $0.14. Associated Banc’s dividend payout ratio (DPR) is 39.74%.
A number of equities analysts have recently commented on ASB shares. ValuEngine raised shares of Associated Banc from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, January 2nd. Barclays raised their price objective on shares of Associated Banc from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Morgan Stanley reduced their price objective on shares of Associated Banc from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $27.00 price objective on shares of Associated Banc in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.30.
In related news, insider David L. Stein sold 15,400 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $25.40, for a total transaction of $391,160.00. Following the completion of the sale, the insider now owns 36,685 shares in the company, valued at approximately $931,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Hutchinson sold 15,032 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $24.42, for a total transaction of $367,081.44. Following the sale, the director now owns 81,013 shares of the company’s stock, valued at approximately $1,978,337.46. The disclosure for this sale can be found here. Insiders have sold a total of 130,153 shares of company stock valued at $3,289,459 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.
About Associated Banc
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.
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