News articles about Associated Banc (NYSE:ASB) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Associated Banc earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 44.7382117085722 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Jefferies Group Comments on Associated Banc-Corp’s FY2018 Earnings (ASB) (americanbankingnews.com)
- Associated Banc (ASB) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Associated Banc-Corp (ASB) Short Interest Update (americanbankingnews.com)
- Associated Banc (ASB) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Associated Banc (ASB) Given New $29.00 Price Target at Barclays (americanbankingnews.com)
A number of brokerages have recently issued reports on ASB. Morgan Stanley dropped their price objective on 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. Zacks Investment Research downgraded Associated Banc from a “hold” rating to a “sell” rating in a research note on Monday. Barclays reissued a “hold” rating and issued a $28.00 price objective on shares of Associated Banc in a research note on Tuesday, January 30th. ValuEngine downgraded Associated Banc from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, 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. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Associated Banc has an average rating of “Hold” and an average price target of $26.30.
Associated Banc (NYSE:ASB) last released its earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $272.00 million during the quarter, compared to the consensus estimate of $281.38 million. Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. equities analysts forecast that Associated Banc will post 1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from Associated Banc’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.41%. Associated Banc’s dividend payout ratio is currently 39.47%.
In other news, insider Timothy J. Lau sold 19,558 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $26.75, for a total value of $523,176.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Piotrowski sold 10,726 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $24.75, for a total value of $265,468.50. Following the completion of the transaction, the insider now directly owns 24,209 shares of the company’s stock, valued at $599,172.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,018 shares of company stock valued at $3,633,598. 2.13% of the stock is currently owned by corporate insiders.
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About Associated Banc
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.
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