Associated Banc (ASB) Scheduled to Post Earnings on Thursday
Associated Banc (NYSE:ASB) will be releasing its earnings data after the market closes on Thursday, January 25th. Analysts expect Associated Banc to post earnings of $0.38 per share for the quarter.
Associated Banc (NYSE:ASB) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $276.02 million during the quarter, compared to analysts’ expectations of $276.88 million. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Associated Banc (NYSE ASB) opened at $26.25 on Thursday. The stock has a market capitalization of $3,970.00, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Associated Banc has a one year low of $20.95 and a one year high of $26.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 0.90.
In other Associated Banc news, EVP Breck F. Hanson sold 6,000 shares of Associated Banc stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.71, for a total value of $154,260.00. Following the completion of the sale, the executive vice president now owns 15,536 shares of the company’s stock, valued at approximately $399,430.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Moral-Niles Christopher Del sold 1,476 shares of Associated Banc stock in a transaction on Monday, December 4th. The stock was sold at an average price of $26.00, for a total value of $38,376.00. Following the completion of the sale, the chief financial officer now directly owns 81,784 shares of the company’s stock, valued at approximately $2,126,384. The disclosure for this sale can be found here. In the last three months, insiders sold 61,876 shares of company stock valued at $1,570,505. Corporate insiders own 1.80% of the company’s stock.
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Associated Banc 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.
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