Analysts expect that Associated Banc-Corp (NYSE:ASB) will report $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Associated Banc-Corp’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.37. Associated Banc-Corp reported earnings of $0.31 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, July 20th.

According to Zacks, analysts expect that Associated Banc-Corp will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.47. For the next financial year, analysts forecast that the business will report earnings of $1.59 per share, with EPS estimates ranging from $1.54 to $1.61. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Associated Banc-Corp.

Associated Banc-Corp (NYSE:ASB) last announced its earnings results on Thursday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Associated Banc-Corp had a return on equity of 7.20% and a net margin of 18.36%. The company had revenue of $260.11 million for the quarter, compared to analyst estimates of $266.24 million. During the same period in the prior year, the company posted $0.27 EPS.

A number of analysts have issued reports on ASB shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 target price on shares of Associated Banc-Corp in a report on Sunday, June 11th. Zacks Investment Research lowered Associated Banc-Corp from a “buy” rating to a “hold” rating in a report on Friday, April 7th. SunTrust Banks, Inc. raised Associated Banc-Corp from a “hold” rating to a “buy” rating in a report on Wednesday, March 29th. BidaskClub upgraded Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Associated Banc-Corp in a research report on Thursday, March 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.86.

In other news, insider James Yee sold 2,330 shares of Associated Banc-Corp stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $25.46, for a total value of $59,321.80. Following the completion of the sale, the insider now directly owns 69,852 shares of the company’s stock, valued at approximately $1,778,431.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip B. Flynn sold 10,000 shares of Associated Banc-Corp stock in a transaction on Monday, May 1st. The shares were sold at an average price of $24.81, for a total value of $248,100.00. Following the completion of the sale, the chief executive officer now directly owns 127,585 shares of the company’s stock, valued at $3,165,383.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,330 shares of company stock valued at $508,302. Corporate insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Associated Banc-Corp by 61.0% in the first quarter. Acrospire Investment Management LLC now owns 4,830 shares of the bank’s stock worth $118,000 after buying an additional 1,830 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Associated Banc-Corp by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the bank’s stock worth $156,000 after buying an additional 30 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Associated Banc-Corp during the first quarter worth approximately $210,000. Envestnet Asset Management Inc. boosted its stake in shares of Associated Banc-Corp by 14.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,195 shares of the bank’s stock worth $224,000 after buying an additional 1,147 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of Associated Banc-Corp by 3.5% in the first quarter. World Asset Management Inc now owns 9,393 shares of the bank’s stock worth $229,000 after buying an additional 317 shares during the period. 77.90% of the stock is owned by institutional investors and hedge funds.

Shares of Associated Banc-Corp (ASB) traded down 0.300% during trading on Monday, hitting $24.925. The company’s stock had a trading volume of 48,338 shares. The firm’s 50 day moving average is $24.56 and its 200-day moving average is $24.85. Associated Banc-Corp has a 1-year low of $17.52 and a 1-year high of $26.70. The company has a market capitalization of $3.78 billion, a P/E ratio of 18.601 and a beta of 1.17.

TRADEMARK VIOLATION WARNING: “Zacks: Analysts Expect Associated Banc-Corp (ASB) to Post $0.36 Earnings Per Share” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/17/zacks-analysts-expect-associated-banc-corp-asb-to-post-0-36-earnings-per-share.html.

Associated Banc-Corp Company Profile

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 non-banking 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.

Get a free copy of the Zacks research report on Associated Banc-Corp (ASB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Associated Banc-Corp (NYSE:ASB)

Receive News & Ratings for Associated Banc-Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc-Corp and related companies with MarketBeat.com's FREE daily email newsletter.