Associated Banc Corp Receives Consensus Rating of “Hold” from Analysts (NASDAQ:ASBC)
Shares of Associated Banc Corp (NASDAQ:ASBC) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, AnalystRatings.NET reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.50.
In other Associated Banc Corp news, CFO Moral-Niles Christopher Del sold 3,000 shares of Associated Banc Corp stock on the open market in a transaction dated Thursday, August 7th. The shares were sold at an average price of $17.52, for a total transaction of $52,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Associated Banc Corp (NASDAQ:ASBC) opened at 17.64 on Thursday. Associated Banc Corp has a 1-year low of $15.06 and a 1-year high of $19.06. The stock has a 50-day moving average of $18.06 and a 200-day moving average of $17.5. The company has a market cap of $2.732 billion and a price-to-earnings ratio of 16.12.
Associated Banc Corp (NASDAQ:ASBC) last announced its earnings results on Thursday, July 17th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts expect that Associated Banc Corp will post $1.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, August 28th.
A number of research firms have recently commented on ASBC. Analysts at Macquarie reiterated a “neutral” rating on shares of Associated Banc Corp in a research note on Monday, July 21st. They now have a $17.50 price target on the stock, up previously from $17.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Associated Banc Corp from $17.50 to $18.00 in a research note on Friday, July 18th. Finally, analysts at Robert W. Baird raised their price target on shares of Associated Banc Corp from $17.00 to $18.00 in a research note on Friday, July 18th.
Associated Banc-Corp (NASDAQ:ASBC) is a bank holding company.
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