Associated Banc Corp (NYSE:ASB) – Stock analysts at Jefferies Financial Group issued their Q1 2020 EPS estimates for shares of Associated Banc in a note issued to investors on Tuesday, April 30th. Jefferies Financial Group analyst C. Haire expects that the bank will post earnings of $0.52 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $23.00 price target on the stock. Jefferies Financial Group also issued estimates for Associated Banc’s Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.55 EPS and Q4 2020 earnings at $0.56 EPS.
Associated Banc (NYSE:ASB) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Associated Banc had a return on equity of 9.87% and a net margin of 22.56%. The company had revenue of $306.75 million during the quarter, compared to the consensus estimate of $312.90 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share.
Associated Banc stock opened at $23.09 on Thursday. Associated Banc has a 1 year low of $18.53 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $3.74 billion, a PE ratio of 11.37, a PEG ratio of 1.59 and a beta of 1.12.
Institutional investors have recently bought and sold shares of the business. Executive Wealth Management LLC bought a new position in shares of Associated Banc during the 1st quarter worth approximately $25,000. Fort L.P. bought a new position in shares of Associated Banc during the 4th quarter worth approximately $25,000. Pearl River Capital LLC bought a new position in shares of Associated Banc during the 4th quarter worth approximately $43,000. Toronto Dominion Bank bought a new position in shares of Associated Banc during the 4th quarter worth approximately $70,000. Finally, Cerebellum GP LLC bought a new position in shares of Associated Banc during the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
In other Associated Banc news, insider Tammy C. Stadler sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $22.25, for a total transaction of $77,875.00. Following the transaction, the insider now directly owns 30,589 shares in the company, valued at approximately $680,605.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John A. Utz sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $23.06, for a total value of $172,950.00. Following the transaction, the insider now owns 61,466 shares in the company, valued at $1,417,405.96. The disclosure for this sale can be found here. Insiders have sold a total of 56,894 shares of company stock valued at $1,284,380 in the last three months. Insiders own 2.69% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Friday, May 31st. Associated Banc’s dividend payout ratio is presently 33.50%.
Associated Banc Company Profile
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily 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.
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