Wall Street brokerages expect Associated Banc Corp (NYSE:ASB) to announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Associated Banc’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.40. Associated Banc reported earnings per share of $0.34 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, January 25th.

On average, analysts expect that Associated Banc will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.48 to $1.52. For the next financial year, analysts forecast that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.55 to $1.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Associated Banc.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Associated Banc had a net margin of 19.54% and a return on equity of 7.81%. The business had revenue of $276.02 million during the quarter, compared to analysts’ expectations of $276.88 million. During the same quarter in the prior year, the business posted $0.31 earnings per share.

A number of research firms have recently commented on ASB. SunTrust Banks set a $26.00 target price on shares of Associated Banc and gave the stock a “hold” rating in a report on Saturday, October 21st. Barclays increased their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday. Morgan Stanley increased their target price on shares of Associated Banc from $25.50 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group reissued a “hold” rating and issued a $28.00 target price on shares of Associated Banc in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Associated Banc presently has an average rating of “Hold” and a consensus price target of $26.40.

In other news, insider William M. Bohn sold 15,946 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $26.00, for a total value of $414,596.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Moral-Niles Christopher Del sold 1,476 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.00, for a total value of $38,376.00. Following the completion of the transaction, the chief financial officer now directly owns 81,784 shares of the company’s stock, valued at approximately $2,126,384. The disclosure for this sale can be found here. Insiders sold 61,426 shares of company stock valued at $1,558,805 in the last three months. Company insiders own 1.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Associated Banc by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,739,124 shares of the bank’s stock valued at $321,025,000 after buying an additional 248,381 shares during the period. State Street Corp increased its stake in shares of Associated Banc by 2.0% in the second quarter. State Street Corp now owns 6,922,074 shares of the bank’s stock valued at $174,433,000 after buying an additional 136,874 shares during the period. Victory Capital Management Inc. increased its stake in shares of Associated Banc by 3.3% in the third quarter. Victory Capital Management Inc. now owns 5,178,754 shares of the bank’s stock valued at $125,585,000 after buying an additional 164,148 shares during the period. Alliancebernstein L.P. increased its stake in shares of Associated Banc by 4.0% in the second quarter. Alliancebernstein L.P. now owns 4,193,941 shares of the bank’s stock valued at $105,687,000 after buying an additional 163,081 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Associated Banc by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 3,790,033 shares of the bank’s stock valued at $91,909,000 after buying an additional 64,574 shares during the period. 77.43% of the stock is owned by institutional investors.

Associated Banc (ASB) traded up $0.15 on Monday, reaching $25.50. 842,700 shares of the company traded hands, compared to its average volume of 958,906. Associated Banc has a 1-year low of $20.95 and a 1-year high of $26.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market capitalization of $3,850.00, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.3828 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.00%. Associated Banc’s dividend payout ratio (DPR) is currently 38.62%.

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About Associated Banc

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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