Associated Banc (ASB) to Release Quarterly Earnings on Thursday

Associated Banc (NYSE:ASB - Get Free Report) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Associated Banc (NYSE:ASB - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $322.22 million during the quarter, compared to analysts' expectations of $325.89 million. Associated Banc had a return on equity of 8.90% and a net margin of 8.12%. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Associated Banc Price Performance

ASB stock traded up $0.07 during mid-day trading on Thursday, reaching $20.03. 786,191 shares of the company's stock were exchanged, compared to its average volume of 1,426,809. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.88 and a quick ratio of 0.87. Associated Banc has a 12-month low of $14.47 and a 12-month high of $22.16. The stock's 50 day moving average is $20.71 and its 200 day moving average is $19.59. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00.

Associated Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 4.39%. Associated Banc's dividend payout ratio is currently 77.88%.

Analyst Ratings Changes

ASB has been the topic of several recent analyst reports. Raymond James increased their price objective on shares of Associated Banc from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, January 29th. Barclays assumed coverage on Associated Banc in a report on Friday, March 8th. They set an "equal weight" rating and a $22.00 target price for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $23.00 price target on shares of Associated Banc in a research note on Tuesday, April 9th. Piper Sandler boosted their price target on Associated Banc from $21.50 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company raised their price objective on Associated Banc from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.63.

Insider Transactions at Associated Banc

In related news, Director Eileen A. Kamerick sold 5,000 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.02, for a total value of $105,100.00. Following the sale, the director now owns 50,126 shares in the company, valued at approximately $1,053,648.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Associated Banc news, Director John B. Williams sold 2,700 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $19.55, for a total value of $52,785.00. Following the completion of the transaction, the director now owns 62,876 shares of the company's stock, valued at approximately $1,229,225.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen A. Kamerick sold 5,000 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.02, for a total transaction of $105,100.00. Following the completion of the transaction, the director now owns 50,126 shares of the company's stock, valued at approximately $1,053,648.52. The disclosure for this sale can be found here. Insiders sold a total of 21,710 shares of company stock worth $454,897 over the last ninety days. Company insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Associated Banc by 1.0% in the 1st quarter. BlackRock Inc. now owns 17,712,813 shares of the bank's stock valued at $403,145,000 after purchasing an additional 172,329 shares in the last quarter. Vanguard Group Inc. grew its holdings in Associated Banc by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,639,171 shares of the bank's stock worth $334,522,000 after acquiring an additional 184,813 shares in the last quarter. State Street Corp grew its holdings in Associated Banc by 13.6% during the 2nd quarter. State Street Corp now owns 9,356,990 shares of the bank's stock worth $151,864,000 after acquiring an additional 1,118,108 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Associated Banc by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 2,866,025 shares of the bank's stock valued at $51,531,000 after purchasing an additional 105,630 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Associated Banc by 5.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,800,625 shares of the bank's stock valued at $64,666,000 after purchasing an additional 141,801 shares in the last quarter. 82.98% of the stock is currently owned by hedge funds and other institutional investors.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.