Earnings results for Associated Banc (NYSE:ASB)
Associated Banc-Corp is expected* to report earnings on 01/21/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.45.
Associated Banc last posted its quarterly earnings data on October 22nd, 2020. The bank reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company earned $258 million during the quarter, compared to the consensus estimate of $268.77 million. Its revenue was down 42.0% compared to the same quarter last year. Associated Banc has generated $1.97 earnings per share over the last year and currently has a price-to-earnings ratio of 10.5. Associated Banc has confirmed that its next quarterly earnings report will be published on Thursday, January 21st, 2021.
Analyst Opinion on Associated Banc (NYSE:ASB)
8 Wall Street analysts have issued ratings and price targets for Associated Banc in the last 12 months. Their average twelve-month price target is $14.83, predicting that the stock has a possible downside of 25.46%. The high price target for ASB is $18.00 and the low price target for ASB is $13.00. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Associated Banc has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $14.83, Associated Banc has a forecasted downside of 25.5% from its current price of $19.90. Associated Banc has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Associated Banc (NYSE:ASB)
Associated Banc pays a meaningful dividend of 3.57%, higher than the bottom 25% of all stocks that pay dividends. Associated Banc does not have a long track record of dividend growth. The dividend payout ratio of Associated Banc is 36.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Associated Banc will have a dividend payout ratio of 58.54% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.
Insiders buying/selling: Associated Banc (NYSE:ASB)
In the past three months, Associated Banc insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $222,250.00 in company stock. Only 2.38% of the stock of Associated Banc is held by insiders. 72.49% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Associated Banc (NYSE:ASB
Earnings for Associated Banc are expected to grow by 14.95% in the coming year, from $1.07 to $1.23 per share. The P/E ratio of Associated Banc is 10.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.64. The P/E ratio of Associated Banc is 10.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.02. Associated Banc has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued. Associated Banc has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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