The CFO of Associated Banc-Corp (NYSE: ASB) is Selling Shares

By Carrie Williams

Today, the CFO of Associated Banc-Corp (NYSE: ASB), Moral-Niles Christopher Del, sold shares of ASB for $106.3K.

In addition to Moral-Niles Christopher Del, 8 other ASB executives reported Sell trades in the last month. Following Moral-Niles Christopher Del’s last ASB Sell transaction on December 06, 2017, the stock climbed by 2.0%.

Based on Associated Banc-Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $317 million and quarterly net profit of $49.76 million. In comparison, last year the company earned revenue of $297 million and had a net profit of $54.28 million. The company has a one-year high of $27.20 and a one-year low of $20.95. ASB’s market cap is $4.11B and the company has a P/E ratio of 18.81.

Three different firms, including D.A. Davidson and Evercore ISI, currently also have a Sell rating on the stock. Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $27, reflecting a 0.4% upside.

The insider sentiment on Associated Banc-Corp has been negative according to 245 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Associated Banc-Corp. operates as a bank holding company, through which offers various banking and nonbanking financial services to individuals and businesses. It operates through the following segments: Corporate and Commercial Specialty, Community, Consumer & Business, and Risk Management and Shared Services.