Today The Associated Banc-Corp (ASB) to Post Q3 2017 Earnings of $0.38 Per Share, Jefferies Group Forecasts

Today The Associated Banc-Corp (ASB) to Post Q3 2017 Earnings of $0.38 Per Share, Jefferies Group Forecasts

Associated Banc-Corp (NYSE:ASB) – Equities researchers at Jefferies Group raised their Q3 2017 EPS estimates for Associated Banc-Corp in a research note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the brokerage will earn $0.38 per share for the quarter, up from their previous estimate of $0.36. Jefferies Group has a “Hold” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Associated Banc-Corp’s Q4 2017 earnings at $0.38 EPS and FY2018 earnings at $1.55 EPS.

Associated Banc-Corp (NYSE:ASB) last released its quarterly earnings results on Thursday, January 19th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. Associated Banc-Corp had a net margin of 17.31% and a return on equity of 6.81%. During the same period last year, the business earned $0.27 EPS.

Several other equities analysts have also issued reports on the company. Deutsche Bank AG boosted their price objective on Associated Banc-Corp from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Zacks Investment Research lowered Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. DA Davidson started coverage on Associated Banc-Corp in a research report on Monday, October 3rd. They issued an “underperform” rating and a $18.00 price objective for the company. SunTrust Banks, Inc. initiated coverage on Associated Banc-Corp in a research report on Tuesday, December 20th. They issued a “hold” rating and a $26.00 price objective for the company. Finally, Barclays PLC upped their price target on Associated Banc-Corp from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $23.50.

Associated Banc-Corp (NYSE:ASB) traded up 2.37% during trading on Tuesday, hitting $25.90. 244,864 shares of the stock were exchanged. Associated Banc-Corp has a 1-year low of $15.72 and a 1-year high of $26.00. The firm’s 50 day moving average price is $24.84 and its 200-day moving average price is $21.05. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 20.56 and a beta of 1.21.

A number of large investors have recently bought and sold shares of ASB. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Associated Banc-Corp by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,382 shares of the company’s stock worth $105,000 after buying an additional 566 shares during the period. Quantbot Technologies LP acquired a new stake in Associated Banc-Corp during the third quarter worth $110,000. Tower Research Capital LLC TRC boosted its stake in Associated Banc-Corp by 3,408.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,684 shares of the company’s stock worth $111,000 after buying an additional 5,522 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Associated Banc-Corp by 0.6% in the third quarter. Chicago Partners Investment Group LLC now owns 6,340 shares of the company’s stock worth $124,000 after buying an additional 36 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Associated Banc-Corp during the third quarter worth $212,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

In other news, insider William M. Bohn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $22.53, for a total transaction of $112,650.00. Following the sale, the insider now owns 37,865 shares in the company, valued at approximately $853,098.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Yee sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $20.13, for a total value of $87,565.50. Following the sale, the insider now owns 58,035 shares in the company, valued at approximately $1,168,244.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,748 shares of company stock worth $2,365,541. Company insiders own 2.09% of the company’s stock.

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 nonbanking 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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