Brokerages expect Associated Banc Corp (NYSE:ASB) to report $0.43 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Associated Banc’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.46. Associated Banc posted earnings of $0.50 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 14%. The business is expected to issue its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Associated Banc will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.96. For the next fiscal year, analysts expect that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.75 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Associated Banc.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Associated Banc had a net margin of 21.73% and a return on equity of 9.71%. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $312.55 million. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. Royal Bank of Canada set a $23.00 price objective on shares of Associated Banc and gave the stock a “hold” rating in a report on Friday, July 26th. Bank of America set a $19.00 price objective on shares of Associated Banc and gave the stock a “sell” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Associated Banc from a “strong sell” rating to a “hold” rating and set a $17.00 target price for the company in a research report on Tuesday, October 29th. ValuEngine lowered shares of Associated Banc from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Stephens set a $22.00 target price on shares of Associated Banc and gave the stock a “hold” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Associated Banc currently has an average rating of “Hold” and an average target price of $22.00.

In other news, EVP John A. Utz sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $20.48, for a total value of $40,960.00. Following the completion of the transaction, the executive vice president now directly owns 56,745 shares in the company, valued at $1,162,137.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John A. Utz sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $20.04, for a total transaction of $60,120.00. Following the completion of the transaction, the executive vice president now owns 59,348 shares of the company’s stock, valued at $1,189,333.92. The disclosure for this sale can be found here. Insiders have sold 44,481 shares of company stock valued at $957,106 in the last quarter. Company insiders own 2.69% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Associated Banc by 56.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,433 shares of the bank’s stock valued at $70,000 after acquiring an additional 1,245 shares during the period. Alps Advisors Inc. lifted its position in Associated Banc by 6.1% during the third quarter. Alps Advisors Inc. now owns 17,766 shares of the bank’s stock valued at $360,000 after purchasing an additional 1,014 shares during the last quarter. Thompson Investment Management Inc. lifted its position in Associated Banc by 3.0% during the third quarter. Thompson Investment Management Inc. now owns 158,516 shares of the bank’s stock valued at $3,210,000 after purchasing an additional 4,595 shares during the last quarter. SG Americas Securities LLC lifted its position in Associated Banc by 136.1% during the third quarter. SG Americas Securities LLC now owns 37,559 shares of the bank’s stock valued at $761,000 after purchasing an additional 21,650 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Associated Banc by 71.6% during the third quarter. First Trust Advisors LP now owns 765,769 shares of the bank’s stock valued at $15,507,000 after purchasing an additional 319,629 shares during the last quarter. Institutional investors own 72.46% of the company’s stock.

NYSE ASB traded up $0.06 during trading hours on Thursday, reaching $21.59. 1,554,392 shares of the company were exchanged, compared to its average volume of 1,110,199. Associated Banc has a 1 year low of $18.52 and a 1 year high of $23.83. The business’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $20.64. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3.44 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.41 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, November 29th. This is a positive change from Associated Banc’s previous quarterly dividend of $0.17. Associated Banc’s dividend payout ratio (DPR) is currently 33.50%.

About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses 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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