News coverage about Associated Banc (NYSE:ASB) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Associated Banc earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.718644669565 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Why Associated Banc-Corp’s (ASB) ROE Of 7.43% Does Not Tell The Whole Story (finance.yahoo.com)
- Moral-Niles Christopher Del Sells 1,476 Shares of Associated Banc-Corp (ASB) Stock (americanbankingnews.com)
- BRIEF-Advance Synergy Says Unit Entered Into MOU With Appasia Bhd (finance.yahoo.com)
- Packers fans invited to enter Associated Bank’s “Keys to Lambeau” Sweepstakes for an exclusive tour of Lambeau Field (finance.yahoo.com)
- Associated Banc-Corp. : ASB-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 4, 2017 (finance.yahoo.com)
A number of research analysts have recently issued reports on ASB shares. SunTrust Banks set a $26.00 price target on Associated Banc and gave the company a “hold” rating in a report on Saturday, October 21st. Zacks Investment Research downgraded Associated Banc from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine downgraded Associated Banc from a “buy” rating to a “hold” rating in a report on Friday, September 1st. DA Davidson raised Associated Banc from an “underperform” rating to a “neutral” rating and set a $21.00 price target on the stock in a report on Wednesday, September 6th. Finally, Barclays upped their price target on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.91.
Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The company had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. sell-side analysts anticipate that Associated Banc will post 1.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.3828 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Thursday, November 30th. Associated Banc’s dividend payout ratio is 38.36%.
In other Associated Banc news, insider William M. Bohn sold 15,946 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $26.00, for a total value of $414,596.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Breck F. Hanson sold 11,373 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $24.92, for a total value of $283,415.16. Following the completion of the transaction, the insider now directly owns 37,722 shares in the company, valued at approximately $940,032.24. The disclosure for this sale can be found here. In the last three months, insiders sold 61,426 shares of company stock worth $1,558,805. 1.80% of the stock is owned by corporate insiders.
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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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