News coverage about Associated Banc (NYSE:ASB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Associated Banc earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.0251810943262 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Several analysts have recently issued reports on the company. SunTrust Banks set a $26.00 price objective on Associated Banc and gave the company a “hold” rating in a research note on Saturday, October 21st. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price objective on shares of Associated Banc in a research note on Tuesday. Barclays increased their price objective on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Morgan Stanley raised their price target on Associated Banc from $25.50 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Associated Banc has an average rating of “Hold” and an average target price of $26.60.
Shares of Associated Banc (ASB) opened at $26.55 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.03. Associated Banc has a 52 week low of $20.95 and a 52 week high of $26.70. The firm has a market capitalization of $4,010.00, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19.
Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The business had revenue of $276.02 million for the quarter, compared to analysts’ expectations of $276.88 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. equities research analysts predict that Associated Banc will post 1.49 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.3828 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Thursday, November 30th. Associated Banc’s dividend payout ratio (DPR) is currently 38.62%.
In related news, CFO Moral-Niles Christopher Del sold 1,476 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.00, for a total transaction of $38,376.00. Following the transaction, the chief financial officer now owns 81,784 shares of the company’s stock, valued at $2,126,384. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Breck F. Hanson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.71, for a total value of $154,260.00. Following the transaction, the executive vice president now directly owns 15,536 shares in the company, valued at approximately $399,430.56. The disclosure for this sale can be found here. Insiders have sold 61,426 shares of company stock worth $1,558,805 in the last quarter. Insiders own 1.80% of the company’s stock.
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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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