$0.50 EPS Expected for Associated Banc-Corp (ASB)

September 16, 2018 - By Victoria Pittman

Associated Banc-Corp (NYSE:ASB) LogoInvestors sentiment decreased to 0.91 in 2018 Q2. Its down 1.15, from 2.06 in 2018Q1. It turned negative, as 15 investors sold Associated Banc-Corp shares while 89 reduced holdings. 40 funds opened positions while 55 raised stakes. 129.54 million shares or 0.34% more from 129.10 million shares in 2018Q1 were reported.
Pinebridge Invs Lp accumulated 40,276 shares. Chicago Equity Prns Ltd Llc reported 105,825 shares. Soros Fund Management Ltd Liability has invested 0.17% in Associated Banc-Corp (NYSE:ASB). Rafferty Asset Mgmt Lc holds 62,191 shares or 0.03% of its portfolio. Alliancebernstein L P owns 0.09% invested in Associated Banc-Corp (NYSE:ASB) for 4.58 million shares. Royal National Bank Of Canada accumulated 37,167 shares. Gemmer Asset holds 0% or 163 shares. Oakbrook Invests Ltd Llc stated it has 0.03% in Associated Banc-Corp (NYSE:ASB). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Associated Banc-Corp (NYSE:ASB) for 11,201 shares. Citigroup holds 0.01% or 549,757 shares in its portfolio. Rhumbline Advisers reported 291,507 shares stake. Hilltop reported 13,061 shares. Credit Suisse Ag holds 0.01% or 209,596 shares in its portfolio. Us Bancorp De reported 194,436 shares. Great West Life Assurance Can reported 0.01% stake.

Analysts expect Associated Banc-Corp (NYSE:ASB) to report $0.50 EPS on October, 18.They anticipate $0.09 EPS change or 21.95 % from last quarter’s $0.41 EPS. ASB’s profit would be $85.75M giving it 13.25 P/E if the $0.50 EPS is correct. After having $0.50 EPS previously, Associated Banc-Corp’s analysts see 0.00 % EPS growth. The stock increased 0.76% or $0.2 during the last trading session, reaching $26.5. About 1.44M shares traded or 26.37% up from the average. Associated Banc-Corp (NYSE:ASB) has risen 22.60% since September 16, 2017 and is uptrending. It has outperformed by 6.98% the S&P500.

Associated Banc-Corp (NYSE:ASB) Ratings Coverage

Among 7 analysts covering Associated Banc-Corp (NYSE:ASB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Associated Banc-Corp had 7 analyst reports since April 19, 2018 according to SRatingsIntel. The company was maintained on Friday, April 20 by DA Davidson. The stock of Associated Banc-Corp (NYSE:ASB) has “Hold” rating given on Wednesday, April 25 by Jefferies. Sandler O’Neill upgraded Associated Banc-Corp (NYSE:ASB) on Friday, April 20 to “Buy” rating. The firm has “Hold” rating given on Thursday, April 19 by RBC Capital Markets. The firm has “Buy” rating by Robert W. Baird given on Friday, April 20. As per Monday, April 23, the company rating was maintained by Barclays Capital. Keefe Bruyette & Woods maintained the shares of ASB in report on Thursday, April 19 with “Hold” rating.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.55 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 16.36 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

Associated Banc-Corp (NYSE:ASB) Ratings Chart

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