Associated Banc (NYSE:ASB – Get Rating) is set to issue its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Associated Banc Stock Performance
NYSE:ASB traded down $0.39 during trading hours on Tuesday, reaching $22.25. The stock had a trading volume of 1,066,014 shares, compared to its average volume of 1,311,008. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day simple moving average of $23.17 and a 200 day simple moving average of $21.87. Associated Banc has a 12-month low of $17.45 and a 12-month high of $25.78. The stock has a market cap of $3.35 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02.
In other news, EVP David L. Stein sold 12,000 shares of Associated Banc stock in a transaction on Monday, November 7th. The stock was sold at an average price of $24.32, for a total value of $291,840.00. Following the completion of the transaction, the executive vice president now directly owns 70,485 shares in the company, valued at $1,714,195.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Tammy C. Stadler sold 10,941 shares of Associated Banc stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $24.68, for a total transaction of $270,023.88. Following the completion of the sale, the insider now owns 57,510 shares of the company’s stock, valued at $1,419,346.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David L. Stein sold 12,000 shares of Associated Banc stock in a transaction on Monday, November 7th. The shares were sold at an average price of $24.32, for a total value of $291,840.00. Following the sale, the executive vice president now directly owns 70,485 shares of the company’s stock, valued at approximately $1,714,195.20. The disclosure for this sale can be found here. 3.04% of the stock is owned by company insiders.
Institutional Investors Weigh In On Associated Banc
Analyst Upgrades and Downgrades
ASB has been the subject of a number of recent research reports. StockNews.com initiated coverage on Associated Banc in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America upgraded Associated Banc from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a research report on Tuesday, October 25th.
Associated Banc Company Profile
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services.
- Get a free copy of the StockNews.com research report on Associated Banc (ASB)
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