Wall Street brokerages expect that Associated Banc Corp (NYSE:ASB) will post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Seven analysts have provided estimates for Associated Banc’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.51. Associated Banc posted earnings of $0.41 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that Associated Banc will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.04. For the next year, analysts expect that the company will report earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.24. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Associated Banc.

Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Associated Banc had a return on equity of 9.44% and a net margin of 20.53%. The firm had revenue of $307.69 million for the quarter, compared to analyst estimates of $321.04 million. During the same quarter in the prior year, the company earned $0.34 EPS.

A number of research firms recently weighed in on ASB. Robert W. Baird decreased their target price on shares of Associated Banc from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Zacks Investment Research downgraded shares of Associated Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Sandler O’Neill downgraded shares of Associated Banc from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Friday, October 19th. ValuEngine upgraded shares of Associated Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Wells Fargo & Co set a $27.00 price target on shares of Associated Banc and gave the company a “hold” rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Associated Banc currently has a consensus rating of “Hold” and a consensus target price of $28.05.

In other news, insider John A. Utz sold 2,341 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $27.81, for a total transaction of $65,103.21. Following the completion of the sale, the insider now owns 44,725 shares in the company, valued at approximately $1,243,802.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David L. Stein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $27.72, for a total transaction of $138,600.00. Following the sale, the insider now owns 38,574 shares of the company’s stock, valued at approximately $1,069,271.28. The disclosure for this sale can be found here. In the last quarter, insiders acquired 121,000 shares of company stock valued at $3,025,000 and sold 17,341 shares valued at $431,803. Company insiders own 2.13% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ASB. BlackRock Inc. increased its position in Associated Banc by 2.5% during the third quarter. BlackRock Inc. now owns 14,955,679 shares of the bank’s stock worth $388,848,000 after acquiring an additional 370,274 shares during the period. JPMorgan Chase & Co. increased its position in Associated Banc by 9.2% during the third quarter. JPMorgan Chase & Co. now owns 4,462,515 shares of the bank’s stock worth $116,026,000 after acquiring an additional 377,177 shares during the period. Millennium Management LLC increased its position in Associated Banc by 33.7% during the second quarter. Millennium Management LLC now owns 3,496,214 shares of the bank’s stock worth $95,447,000 after acquiring an additional 881,017 shares during the period. Associated Banc Corp increased its position in Associated Banc by 15.4% during the second quarter. Associated Banc Corp now owns 3,001,079 shares of the bank’s stock worth $81,930,000 after acquiring an additional 401,111 shares during the period. Finally, Pzena Investment Management LLC increased its position in Associated Banc by 2.3% during the second quarter. Pzena Investment Management LLC now owns 2,239,624 shares of the bank’s stock worth $61,142,000 after acquiring an additional 50,670 shares during the period. Institutional investors own 78.70% of the company’s stock.

Shares of Associated Banc stock opened at $23.33 on Tuesday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. Associated Banc has a fifty-two week low of $22.00 and a fifty-two week high of $29.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.91 and a current ratio of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.17 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.91%. This is a boost from Associated Banc’s previous quarterly dividend of $0.15. Associated Banc’s dividend payout ratio (DPR) is currently 39.47%.

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

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