Ascendia Brands Inc (NYSE:ASB) Q2 2018 Sentiment Report

October 2, 2018 - By Hugh Holland

Associated Banc-Corp (NYSE:ASB) Logo

Sentiment for Ascendia Brands Inc (NYSE:ASB)

Ascendia Brands Inc (NYSE:ASB) institutional sentiment decreased to 0.91 in Q2 2018. Its down -1.15, from 2.06 in 2018Q1. The ratio dropped, as 95 institutional investors started new and increased equity positions, while 104 sold and reduced equity positions in Ascendia Brands Inc. The institutional investors in our partner’s database now own: 129.54 million shares, up from 129.10 million shares in 2018Q1. Also, the number of institutional investors holding Ascendia Brands Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 15 Reduced: 89 Increased: 55 New Position: 40.

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 $4.40 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 15.82 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

The stock decreased 0.49% or $0.125 during the last trading session, reaching $25.625. About 698,235 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 22.60% since October 2, 2017 and is uptrending. It has outperformed by 6.98% the S&P500.

Analysts await Associated Banc-Corp (NYSE:ASB) to report earnings on October, 18. They expect $0.50 EPS, up 21.95 % or $0.09 from last year’s $0.41 per share. ASB’s profit will be $85.76 million for 12.81 P/E if the $0.50 EPS becomes a reality. After $0.50 actual EPS reported by Associated Banc-Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Associated Banc holds 4.79% of its portfolio in Associated Banc-Corp for 3.00 million shares. Cramer Rosenthal Mcglynn Llc owns 4.99 million shares or 2.44% of their US portfolio. Moreover, Dalton Greiner Hartman Maher & Co has 1.24% invested in the company for 887,401 shares. The Wisconsin-based Legacy Private Trust Co. has invested 1.02% in the stock. Prospector Partners Llc, a Connecticut-based fund reported 246,595 shares.

Associated Banc-Corp (NYSE:ASB) Ratings Coverage

Ratings analysis reveals 25% of Associated Banc-Corp’s analysts are positive. Out of 8 Wall Street analysts rating Associated Banc-Corp, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $26 while the high is $30. The stock’s average target of $28.58 is 11.53% above today’s ($25.625) share price. ASB was included in 8 notes of analysts from April 19, 2018. The stock of Associated Banc-Corp (NYSE:ASB) has “Equal-Weight” rating given on Tuesday, September 18 by Morgan Stanley. Keefe Bruyette & Woods maintained Associated Banc-Corp (NYSE:ASB) on Thursday, April 19 with “Hold” rating. The firm has “Buy” rating given on Friday, April 20 by Robert W. Baird. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, April 23 report. RBC Capital Markets maintained it with “Hold” rating and $2800 target in Thursday, April 19 report. Jefferies maintained the stock with “Hold” rating in Wednesday, April 25 report. On Friday, April 20 the stock rating was maintained by DA Davidson with “Neutral”. Sandler O’Neill upgraded Associated Banc-Corp (NYSE:ASB) on Friday, April 20 to “Buy” rating.

Another recent and important Associated Banc-Corp (NYSE:ASB) news was published by Benzinga.com which published an article titled: “Insider Buys Of The Week: Associated Banc-Corp, IFF, Molina Healthcare” on September 22, 2018.

Associated Banc-Corp (NYSE:ASB) Ratings Chart

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