Associated Banc-Corp (ASB) Given News Sentiment Rating of 0.18
News coverage about Associated Banc-Corp (NYSE:ASB) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Associated Banc-Corp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.8250530780818 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Associated Banc-Corp’s (ASB) “Hold” Rating Reiterated at Robert W. Baird (americanbankingnews.com)
- FY2017 Earnings Forecast for Associated Banc-Corp (ASB) Issued By SunTrust Banks (americanbankingnews.com)
- Associated Banc : Lights – camera – take action and give back to nonprofit Milwaukee Film! (4-traders.com)
- Associated Banc-Corp to Present at Barclays Global Financial Services … (markets.businessinsider.com)
- Associated Banc-Corp (NYSE:ASB) Stock Closed Lower Than Its 50 Day Moving Average (modernreaders.com)
Several equities research analysts recently commented on ASB shares. BidaskClub raised Associated Banc-Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Associated Banc-Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a report on Friday, July 7th. Morgan Stanley restated an “equal weight” rating and issued a $25.00 target price (up from $24.00) on shares of Associated Banc-Corp in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.
Shares of Associated Banc-Corp (ASB) opened at 22.05 on Tuesday. The company has a 50-day moving average price of $23.48 and a 200 day moving average price of $24.48. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.86 and a beta of 1.16. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70.
Associated Banc-Corp (NYSE:ASB) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. The business had revenue of $266.23 million during the quarter, compared to analyst estimates of $273.29 million. During the same period in the prior year, the company earned $0.31 earnings per share. Equities research analysts expect that Associated Banc-Corp will post $1.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, August 30th. Associated Banc-Corp’s dividend payout ratio (DPR) is 34.53%.
In other Associated Banc-Corp news, Director Eileen A. Kamerick sold 4,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $23.57, for a total transaction of $106,065.00. Following the completion of the transaction, the director now directly owns 27,004 shares of the company’s stock, valued at $636,484.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Philip B. Flynn sold 10,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $23.61, for a total value of $236,100.00. Following the transaction, the chief executive officer now directly owns 127,585 shares of the company’s stock, valued at $3,012,281.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,772 shares of company stock valued at $914,334. 1.80% of the stock is owned by corporate insiders.
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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 non-banking 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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