Associated Banc (NYSE:ASB) will release its earnings data after the market closes on Thursday, January 25th. Analysts expect Associated Banc to post earnings of $0.38 per share for the quarter.
Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $276.02 million during the quarter, compared to analyst estimates of $276.88 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Associated Banc (NYSE:ASB) opened at $26.25 on Thursday. 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 fifty-two week low of $20.95 and a fifty-two week high of $26.70. The company has a market capitalization of $3,970.00, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.17 and a beta of 1.19.
Several brokerages recently commented on ASB. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Associated Banc in a report on Tuesday, January 9th. Barclays lifted their price objective on Associated Banc from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research raised Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, January 2nd. Morgan Stanley boosted their price target on Associated Banc from $25.50 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, SunTrust Banks reissued a “hold” rating and set a $27.00 price target on shares of Associated Banc in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.60.
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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