Associated Banc-Corp (NYSE:ASB) – Equities researchers at Jefferies Group boosted their Q3 2017 earnings estimates for shares of Associated Banc-Corp in a note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.36. Jefferies Group has a “Hold” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Associated Banc-Corp’s FY2017 earnings at $1.48 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.60 EPS and FY2019 earnings at $1.75 EPS.

Associated Banc-Corp (NYSE:ASB) last issued its earnings results on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $266.23 million during the quarter, compared to the consensus estimate of $273.29 million. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. During the same quarter in the previous year, the firm earned $0.31 earnings per share.

WARNING: “Q3 2017 EPS Estimates for Associated Banc-Corp Raised by Analyst (ASB)” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/11/q3-2017-eps-estimates-for-associated-banc-corp-raised-by-analyst-asb.html.

A number of other analysts also recently issued reports on ASB. BidaskClub downgraded Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Robert W. Baird reiterated a “hold” rating and set a $25.00 price target on shares of Associated Banc-Corp in a research report on Sunday, October 1st. Zacks Investment Research upgraded Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Associated Banc-Corp in a research report on Friday, September 22nd. Finally, Piper Jaffray Companies set a $25.00 price target on Associated Banc-Corp and gave the company a “hold” rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.00.

Associated Banc-Corp (NYSE ASB) opened at 24.70 on Wednesday. The firm has a market cap of $3.75 billion, a P/E ratio of 17.77 and a beta of 1.20. The firm’s 50-day moving average price is $22.98 and its 200 day moving average price is $23.97. Associated Banc-Corp has a 52 week low of $18.85 and a 52 week high of $26.70.

Large investors have recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC lifted its position in Associated Banc-Corp by 40.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock worth $140,000 after buying an additional 1,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Associated Banc-Corp by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after buying an additional 549 shares during the last quarter. Flinton Capital Management LLC lifted its position in Associated Banc-Corp by 73.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after buying an additional 3,360 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Associated Banc-Corp in the 1st quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC lifted its position in Associated Banc-Corp by 73.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,854 shares of the bank’s stock worth $223,000 after buying an additional 3,754 shares during the last quarter. Institutional investors own 77.47% of the company’s stock.

In related news, insider Christopher C. Piotrowski sold 16,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.55, for a total value of $381,933.90. Following the completion of the sale, the insider now owns 30,479 shares in the company, valued at approximately $717,780.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John A. Utz sold 8,054 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $23.62, for a total value of $190,235.48. Following the completion of the sale, the insider now owns 44,405 shares of the company’s stock, valued at approximately $1,048,846.10. The disclosure for this sale can be found here. Insiders sold a total of 38,772 shares of company stock valued at $914,334 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.12 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. Associated Banc-Corp’s payout ratio is 34.53%.

About Associated Banc-Corp

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.

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.