Wall Street brokerages forecast that Associated Banc-Corp (NYSE:ASB) will announce $307.58 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Associated Banc’s earnings. The lowest sales estimate is $305.80 million and the highest is $309.40 million. Associated Banc reported sales of $271.20 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The company is expected to issue its next quarterly earnings report on Thursday, July 19th.

According to Zacks, analysts expect that Associated Banc will report full-year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.24 billion. For the next fiscal year, analysts expect that the business will post sales of $1.29 billion per share, with estimates ranging from $1.27 billion to $1.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Associated Banc.

Associated Banc (NYSE:ASB) last released its earnings results on Thursday, April 19th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $300.25 million during the quarter, compared to the consensus estimate of $292.49 million. Associated Banc had a return on equity of 8.88% and a net margin of 18.87%. During the same period in the prior year, the firm posted $0.35 earnings per share.

A number of equities research analysts have weighed in on the company. DA Davidson upped their target price on Associated Banc from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday. Sandler O’Neill upgraded Associated Banc from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada restated a “hold” rating and issued a $28.00 target price on shares of Associated Banc in a research report on Friday. Robert W. Baird upgraded Associated Banc from a “neutral” rating to an “outperform” rating in a research report on Friday. Finally, Morgan Stanley cut their target price on Associated Banc from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

ASB traded up $1.95 during trading on Friday, reaching $26.50. The stock had a trading volume of 4,747,254 shares, compared to its average volume of 1,224,097. The company has a market capitalization of $3,723.94, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.89. Associated Banc has a 1-year low of $20.95 and a 1-year high of $27.20.

In other news, CFO Moral-Niles Christopher Del sold 4,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $26.59, for a total transaction of $106,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John A. Utz sold 12,865 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $26.75, for a total value of $344,138.75. Following the sale, the executive vice president now owns 42,384 shares of the company’s stock, valued at approximately $1,133,772. The disclosure for this sale can be found here. Insiders have sold a total of 142,568 shares of company stock valued at $3,621,898 in the last quarter. Insiders own 2.13% of the company’s stock.

Several large investors have recently made changes to their positions in ASB. Landaas & Co. WI ADV lifted its position in shares of Associated Banc by 98.8% during the 4th quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock valued at $107,000 after acquiring an additional 2,091 shares during the last quarter. QS Investors LLC lifted its holdings in shares of Associated Banc by 1,369.9% in the fourth quarter. QS Investors LLC now owns 5,027 shares of the bank’s stock valued at $128,000 after purchasing an additional 4,685 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Associated Banc in the third quarter valued at $157,000. Savant Capital LLC purchased a new stake in shares of Associated Banc in the fourth quarter valued at $202,000. Finally, JOYN Advisors Inc. purchased a new stake in shares of Associated Banc in the fourth quarter valued at $209,000. Institutional investors own 77.51% of the company’s stock.

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About Associated Banc

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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Earnings History and Estimates for Associated Banc (NYSE:ASB)

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