Associated Banc (NYSE:ASB) is scheduled to be posting its Q3 2019 quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Associated Banc to post earnings of $0.47 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, July 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $309.46 million during the quarter, compared to analyst estimates of $315.84 million. Associated Banc had a return on equity of 9.86% and a net margin of 22.01%. During the same period in the previous year, the company earned $0.53 EPS. 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 stock opened at $20.70 on Wednesday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 10.20, a PEG ratio of 1.34 and a beta of 1.20. Associated Banc has a 1 year low of $18.52 and a 1 year high of $23.84. The business has a 50-day moving average of $19.95 and a 200-day moving average of $20.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.97.
In related news, CFO Moral-Niles Christopher Del sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $26.50, for a total value of $53,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Piotrowski sold 10,726 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $21.37, for a total value of $229,214.62. Following the completion of the transaction, the insider now owns 40,276 shares of the company’s stock, valued at $860,698.12. The disclosure for this sale can be found here. Insiders sold a total of 19,698 shares of company stock valued at $422,887 over the last quarter. 2.69% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada set a $23.00 target price on Associated Banc and gave the stock a “hold” rating in a research report on Friday, July 26th. ValuEngine upgraded Associated Banc from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks set a $22.00 price objective on Associated Banc and gave the company a “hold” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.43.
About Associated Banc
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.
Further Reading: Diluted Earnings Per Share
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