1 week Ago By ABMN Staff
Associated Banc-Corp ( NYSE:ASB – Free Report ) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for shares of Associated Banc in a report released on Thursday, January 23rd. Zacks Research analyst R. Department now expects that the bank will earn $2.
13 per share for the year, up from their prior forecast of $2.12. The consensus estimate for Associated Banc’s current full-year earnings is $2.
15 per share. Zacks Research also issued estimates for Associated Banc’s Q4 2024 earnings at $0.53 EPS.
Associated Banc ( NYSE:ASB – Get Free Report ) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
53 by $0.04. Associated Banc had a return on equity of 8.
18% and a net margin of 8.15%. Get Our Latest Stock Report on ASB Associated Banc Stock Down 1.
0 % ASB opened at $25.09 on Friday. The company has a market capitalization of $3.
79 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.07 and a beta of 0.
94. The business has a 50-day moving average of $25.22 and a 200-day moving average of $23.
42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.
88 and a quick ratio of 0.88. Associated Banc has a fifty-two week low of $19.
40 and a fifty-two week high of $28.18. Associated Banc Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, December 16th.
Investors of record on Monday, December 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 2nd.
This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.67%.
This is a positive change from Associated Banc’s previous quarterly dividend of $0.22. Associated Banc’s dividend payout ratio (DPR) is currently 76.
67%. Insider Activity In other Associated Banc news, EVP David L. Stein sold 29,536 shares of the stock in a transaction on Wednesday, November 6th.
The shares were sold at an average price of $27.43, for a total value of $810,172.48.
Following the sale, the executive vice president now directly owns 81,021 shares in the company, valued at approximately $2,222,406.03. This trade represents a 26.
72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, EVP John A.
Utz sold 19,044 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $24.19, for a total transaction of $460,674.
36. Following the completion of the transaction, the executive vice president now directly owns 100,204 shares of the company’s stock, valued at $2,423,934.76.
This trade represents a 15.97 % decrease in their position. The disclosure for this sale can be found here .
1.45% of the stock is currently owned by insiders. Institutional Trading of Associated Banc Large investors have recently bought and sold shares of the business.
Point72 DIFC Ltd acquired a new position in Associated Banc during the 3rd quarter worth approximately $39,000. Crews Bank & Trust bought a new position in Associated Banc in the fourth quarter valued at $56,000. Sugar Maple Asset Management LLC acquired a new stake in Associated Banc in the 4th quarter valued at $64,000.
R Squared Ltd bought a new stake in Associated Banc during the 4th quarter worth about $67,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Associated Banc by 82.1% during the 3rd quarter.
Farther Finance Advisors LLC now owns 3,190 shares of the bank’s stock worth $69,000 after buying an additional 1,438 shares during the last quarter. 82.98% of the stock is owned by institutional investors.
About Associated Banc ( Get Free Report ) Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit. Featured Stories Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.
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