Associated Banc Corp (ASB) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Associated Banc Corp (ASB) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.27 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.28. Analysts expectations of $252.56 million. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Associated Banc Corp. Associated Banc Corp was Downgraded by Macquarie to ” Underperform” on Apr 1, 2016.

Associated Banc Corp opened for trading at $17.62 and hit $17.88 on the upside on Monday, eventually ending the session at $17.79, with a gain of 0.68% or 0.12 points. The heightened volatility saw the trading volume jump to 7,97,206 shares. Company has a market cap of $2,663 M.

In a different news, on Mar 8, 2016, Richard T Lommen (director) sold 20,000 shares at $25.76 per share price. According to the SEC, on Nov 25, 2015, Moral-niles Christopher Del (Chief Financial Officer) sold 3,947 shares at $20.61 per share price. On Oct 26, 2015, David L Stein (Executive Vice President) sold 6,600 shares at $18.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Associated Banc-Corp (Associated) is a bank holding company. The Company through its banking subsidiary Associated Bank National Association (Associated Bank) and various nonbanking subsidiaries provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community Consumer and Business and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers including businesses developers non-profits municipalities and financial institutions. The Community Consumer and Business segment serves individuals as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management Credit Administration Finance Treasury Operations and Technology.

Associated Banc Corp

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