The Associated Banc-Corp (ASB) Scheduled to Post Earnings on Thursday

The Associated Banc-Corp (ASB) Scheduled to Post Earnings on Thursday

Associated Banc-Corp (NYSE:ASB) is scheduled to be issuing its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $264.38 million for the quarter.

Associated Banc-Corp (NYSE:ASB) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. Associated Banc-Corp had a net margin of 16.73% and a return on equity of 6.44%. On average, analysts expect Associated Banc-Corp to post $1.22 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Associated Banc-Corp (NYSE:ASB) opened at 19.10 on Tuesday. Associated Banc-Corp has a one year low of $15.45 and a one year high of $20.90. The company has a 50-day moving average of $19.53 and a 200-day moving average of $18.43. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 16.47 and a beta of 1.32.

A number of research analysts have weighed in on ASB shares. Deutsche Bank AG lifted their target price on Associated Banc-Corp from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Jefferies Group reaffirmed a “buy” rating on shares of Associated Banc-Corp in a report on Monday, August 1st. Zacks Investment Research raised Associated Banc-Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, September 13th. Barclays PLC lifted their target price on Associated Banc-Corp from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, August 16th. Finally, DA Davidson started coverage on Associated Banc-Corp in a report on Monday, October 3rd. They set an “underperform” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Associated Banc-Corp currently has a consensus rating of “Hold” and a consensus price target of $19.63.

In other Associated Banc-Corp news, CEO Philip B. Flynn sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.61, for a total value of $186,100.00. Following the completion of the sale, the chief executive officer now owns 129,735 shares of the company’s stock, valued at $2,414,368.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Moral-Niles Christopher Del sold 8,052 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.55, for a total value of $149,364.60. Following the completion of the sale, the chief financial officer now directly owns 79,644 shares of the company’s stock, valued at approximately $1,477,396.20. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of ASB. Alliancebernstein L.P. raised its stake in shares of Associated Banc-Corp by 24.7% in the second quarter. Alliancebernstein L.P. now owns 4,142,500 shares of the company’s stock valued at $71,044,000 after buying an additional 820,598 shares in the last quarter. Columbia Wanger Asset Management LLC raised its stake in shares of Associated Banc-Corp by 14.9% in the second quarter. Columbia Wanger Asset Management LLC now owns 3,125,636 shares of the company’s stock valued at $53,605,000 after buying an additional 406,038 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Associated Banc-Corp by 3.5% in the second quarter. BlackRock Fund Advisors now owns 5,376,337 shares of the company’s stock valued at $92,204,000 after buying an additional 182,376 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Associated Banc-Corp by 40.6% in the second quarter. AQR Capital Management LLC now owns 368,706 shares of the company’s stock valued at $6,323,000 after buying an additional 106,426 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new stake in shares of Associated Banc-Corp during the second quarter valued at about $1,715,000. 74.26% of the stock is owned by institutional investors and hedge funds.

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