Associated Banc-Corp (ASB) Sees Strong Trading Volume
Shares of Associated Banc-Corp (NYSE:ASB) saw unusually-high trading volume on Friday . Approximately 636,060 shares changed hands during trading, a decline of 1% from the previous session’s volume of 645,484 shares.The stock last traded at $19.76 and had previously closed at $19.68.
ASB has been the topic of several research reports. Barclays PLC lifted their price target on Associated Banc-Corp from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 16th. Zacks Investment Research raised Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group reissued a “buy” rating on shares of Associated Banc-Corp in a report on Monday, August 1st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $20.00 target price on shares of Associated Banc-Corp in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Associated Banc-Corp currently has a consensus rating of “Hold” and a consensus target price of $19.57.
The firm has a market cap of $2.94 billion and a PE ratio of 17.08. The stock’s 50-day moving average price is $19.01 and its 200 day moving average price is $18.09.
Associated Banc-Corp (NYSE:ASB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. On average, analysts predict that Associated Banc-Corp will post $1.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other news, insider John A. Utz sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $18.75, for a total transaction of $46,875.00. Following the transaction, the insider now directly owns 47,790 shares in the company, valued at approximately $896,062.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Moral-Niles Christopher Del sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $17.87, for a total value of $89,350.00. Following the transaction, the chief financial officer now owns 87,447 shares in the company, valued at $1,562,677.89. The disclosure for this sale can be found here.
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 nonbanking 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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