News stories about Associated Banc-Corp (NYSE:ASB) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Associated Banc-Corp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.3011285813225 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Jefferies Group LLC Reiterates “Hold” Rating for Associated Banc-Corp (ASB) (americanbankingnews.com)
- Why an Earnings Beat is Likely for Schwab (SCHW) in Q3? (sg.finance.yahoo.com)
- Associated Banc-Corp’s (ASB) “Hold” Rating Reiterated at SunTrust Banks, Inc. (americanbankingnews.com)
- Associated Banc-Corp (ASB) Expected to Earn Q1 2018 Earnings of $0.28 Per Share (americanbankingnews.com)
- Associated Banc-Corp (ASB) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
A number of research analysts have recently weighed in on ASB shares. BidaskClub cut shares of Associated Banc-Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. 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 note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.20.
Shares of Associated Banc-Corp (ASB) opened at 24.40 on Monday. The firm has a 50-day moving average of $23.24 and a 200 day moving average of $23.98. Associated Banc-Corp has a 1-year low of $19.00 and a 1-year high of $26.70. The stock has a market capitalization of $3.70 billion, a PE ratio of 17.55 and a beta of 1.19.
Associated Banc-Corp (NYSE:ASB) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $266.23 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.31 EPS. On average, equities analysts anticipate that Associated Banc-Corp will post $1.43 earnings per share for the current fiscal year.
In other news, CEO Philip B. Flynn sold 10,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $23.61, for a total transaction of $236,100.00. Following the transaction, the chief executive officer now owns 127,585 shares in the company, valued at approximately $3,012,281.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John A. Utz sold 8,054 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $23.62, for a total transaction of $190,235.48. Following the transaction, the insider now owns 44,405 shares in the company, valued at approximately $1,048,846.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,772 shares of company stock worth $914,334. Company insiders own 1.80% of the company’s stock.
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Associated Banc-Corp 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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