Associated Banc (ASB) to Release Quarterly Earnings on Thursday
Associated Banc (NYSE:ASB) will issue its quarterly earnings data after the market closes on Thursday, April 19th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Associated Banc (NYSE:ASB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The business had revenue of $272.00 million during the quarter, compared to the consensus estimate of $281.38 million. Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Associated Banc stock opened at $24.70 on Tuesday. The firm has a market capitalization of $3,708.77, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 0.90. Associated Banc has a 52 week low of $20.95 and a 52 week high of $27.20.
ASB has been the topic of several research analyst reports. Zacks Investment Research raised Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, January 2nd. Barclays upped their price objective on Associated Banc from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. ValuEngine downgraded Associated Banc from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Piper Jaffray reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Associated Banc in a research report on Sunday, January 28th. Finally, Morgan Stanley cut their price objective on Associated Banc from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.30.
About Associated Banc
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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