Somewhat Favorable News Coverage Somewhat Unlikely to Impact Associated Banc (ASB) Stock Price
News headlines about Associated Banc (NYSE:ASB) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Associated Banc earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.9357442143535 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Associated Banc (ASB) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Associated Banc Corp (ASB) Insider Sells $240,100.00 in Stock (americanbankingnews.com)
- Associated Bank’s Contact Centers certified for third year by J.D. Power (finance.yahoo.com)
- Associated Banc-Corp (ASB) Hikes Dividend: Should You Buy? (finance.yahoo.com)
- Associated Banc Corp (ASB) Raises Dividend to $0.15 Per Share (americanbankingnews.com)
ASB has been the topic of a number of recent research reports. Zacks Investment Research downgraded Associated Banc from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks set a $26.00 target price on Associated Banc and gave the stock a “hold” rating in a research note on Saturday, October 21st. Morgan Stanley upped their target price on Associated Banc from $25.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 target price on shares of Associated Banc in a research note on Tuesday, January 9th. Finally, Barclays upped their price target on Associated Banc from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. Associated Banc has a consensus rating of “Hold” and an average target price of $26.30.
Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $281.38 million. Associated Banc had a return on equity of 8.05% and a net margin of 18.80%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. equities analysts anticipate that Associated Banc will post 1.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.15 dividend. This is a boost from Associated Banc’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.49%. Associated Banc’s dividend payout ratio is presently 39.44%.
In other Associated Banc news, insider Breck F. Hanson sold 11,373 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $24.92, for a total transaction of $283,415.16. Following the completion of the transaction, the insider now owns 37,722 shares of the company’s stock, valued at $940,032.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Lau sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.01, for a total value of $240,100.00. The disclosure for this sale can be found here. Insiders sold a total of 82,644 shares of company stock valued at $2,081,022 in the last ninety days. 1.80% of the stock is currently owned by insiders.
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Associated Banc Company Profile
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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