Press coverage about Associated Banc-Corp (NYSE:ASB) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Associated Banc-Corp earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $0.36 Earnings Per Share Expected for Associated Banc-Corp (ASB) This Quarter (americanbankingnews.com)
- Associated Banc-Corp to Present at Minnesota CFA Conference on August 22, 2017 (finance.yahoo.com)
- Insider Selling: Associated Banc-Corp (NYSE:ASB) Director Sells 4,500 Shares of Stock (americanbankingnews.com)
- Associated Banc-Corp. :ASB-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
- Associated Banc-Corp (ASB) CEO Philip B. Flynn Sells 10,000 Shares (americanbankingnews.com)
Several research firms recently weighed in on ASB. Zacks Investment Research raised Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a report on Sunday, July 30th. Piper Jaffray Companies set a $25.00 price objective on Associated Banc-Corp and gave the company a “hold” rating in a report on Saturday, July 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 price objective on shares of Associated Banc-Corp in a report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $27.00 price objective on shares of Associated Banc-Corp in a report on Sunday, June 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.00.
Shares of Associated Banc-Corp (NYSE ASB) traded up 0.43% on Friday, reaching $23.45. The company had a trading volume of 899,629 shares. The company’s 50-day moving average is $24.67 and its 200-day moving average is $24.79. Associated Banc-Corp has a one year low of $18.33 and a one year high of $26.70. The company has a market capitalization of $3.56 billion, a PE ratio of 16.87 and a beta of 1.16.
Associated Banc-Corp (NYSE:ASB) last posted its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. The company had revenue of $266.23 million during the quarter, compared to analyst estimates of $273.29 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts predict that Associated Banc-Corp will post $1.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, August 30th. Associated Banc-Corp’s dividend payout ratio is 34.53%.
In other news, Director Eileen A. Kamerick sold 4,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $23.57, for a total transaction of $106,065.00. Following the sale, the director now owns 27,004 shares in the company, valued at $636,484.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Philip B. Flynn sold 10,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $23.61, for a total transaction of $236,100.00. Following the sale, the chief executive officer now owns 127,585 shares in the company, valued at approximately $3,012,281.85. The disclosure for this sale can be found here. Insiders have sold 22,554 shares of company stock valued at $532,400 in the last ninety days. Insiders own 1.80% of the company’s stock.
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About Associated Banc-Corp
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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