Associated Banc-Corp (ASB) Receives Daily Coverage Optimism Score of 0.20
Media stories about Associated Banc-Corp (NYSE:ASB) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.20 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.0132893582007 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Associated Banc-Corp (ASB) Expected to Post Quarterly Sales of $276.73 Million (americanbankingnews.com)
- Jordy Nelson and Randall Cobb invite fans to “Get Closer to the Packers” with Associated Bank (finance.yahoo.com)
- Associated Banc-Corp (ASB) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
- Associated Banc-Corp (ASB) Expected to Post Earnings of $0.36 Per Share (americanbankingnews.com)
- Associated Banc-Corp Breaks Above 200-Day Moving Average – Bullish for ASB (nasdaq.com)
Shares of Associated Banc-Corp (NYSE ASB) opened at 24.40 on Wednesday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 17.55 and a beta of 1.20. Associated Banc-Corp has a 1-year low of $18.85 and a 1-year high of $26.70. The firm’s 50-day moving average price is $22.65 and its 200 day moving average price is $23.94.
Associated Banc-Corp (NYSE:ASB) last issued its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $266.23 million for the quarter, compared to analysts’ expectations of $273.29 million. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. During the same quarter last year, the company posted $0.31 earnings per share. Analysts expect that Associated Banc-Corp will post $1.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, August 30th. Associated Banc-Corp’s dividend payout ratio (DPR) is 34.53%.
ASB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 21st. BidaskClub upgraded shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. DA Davidson upgraded shares of Associated Banc-Corp from an “underperform” rating to a “neutral” rating and set a $21.00 target price for the company in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Associated Banc-Corp from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 target price (up from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.25.
In other news, insider Christopher C. Piotrowski sold 16,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.55, for a total transaction of $381,933.90. Following the completion of the transaction, the insider now directly owns 30,479 shares in the company, valued at $717,780.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John A. Utz sold 8,054 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $23.62, for a total value of $190,235.48. Following the transaction, the insider now owns 44,405 shares of the company’s stock, valued at $1,048,846.10. The disclosure for this sale can be found here. Insiders have sold a total of 38,772 shares of company stock valued at $914,334 in the last 90 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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