Associated Banc Corp (ASB) Receives Daily News Impact Rating of 0.21

News headlines about Associated Banc Corp (NYSE:ASB) have trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest 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 media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s scoring:

Shares of Associated Banc Corp (NYSE:ASB) opened at 25.25 on Wednesday. The company’s 50-day moving average price is $24.56 and its 200-day moving average price is $24.85. The firm has a market capitalization of $3.82 billion, a PE ratio of 18.84 and a beta of 1.17. Associated Banc Corp has a 12-month low of $17.06 and a 12-month high of $26.70.

Associated Banc Corp (NYSE:ASB) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $260.11 million during the quarter, compared to the consensus estimate of $266.24 million. Associated Banc Corp had a return on equity of 7.31% and a net margin of 21.63%. During the same period in the prior year, the business posted $0.27 earnings per share. Analysts anticipate that Associated Banc Corp will post $1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.90%. Associated Banc Corp’s payout ratio is 35.82%.

A number of equities analysts have recently issued reports on ASB shares. SunTrust Banks, Inc. raised Associated Banc Corp from a “hold” rating to a “buy” rating in a report on Wednesday, March 29th. Zacks Investment Research raised Associated Banc Corp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, June 21st. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 target price (up from $24.00) on shares of Associated Banc Corp in a report on Thursday, July 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $26.00 target price on shares of Associated Banc Corp in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Associated Banc Corp in a report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.86.

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In related news, CEO Philip B. Flynn sold 10,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $24.81, for a total value of $248,100.00. Following the completion of the sale, the chief executive officer now directly owns 127,585 shares in the company, valued at $3,165,383.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David L. Stein sold 8,000 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $25.11, for a total value of $200,880.00. Following the completion of the sale, the insider now owns 37,518 shares of the company’s stock, valued at $942,076.98. The disclosure for this sale can be found here. Insiders sold 20,330 shares of company stock valued at $508,302 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.

Insider Buying and Selling by Quarter for Associated Banc Corp (NYSE:ASB)

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