Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Associated Banc in the 4th quarter worth about $36,144,000. Vanguard Group Inc. increased its stake in Associated Banc by 8.7% during the 4th quarter. Vanguard Group Inc. now owns 18,066,871 shares of the bank’s stock valued at $431,798,000 after buying an additional 1,444,068 shares during the period. Proficio Capital Partners LLC acquired a new position in Associated Banc during the 4th quarter valued at about $353,000. Assenagon Asset Management S.A. increased its stake in Associated Banc by 315.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 540,057 shares of the bank’s stock valued at $12,907,000 after buying an additional 410,118 shares during the period. Finally, FMR LLC increased its stake in Associated Banc by 9.4% during the 4th quarter. FMR LLC now owns 14,838,422 shares of the bank’s stock valued at $354,638,000 after buying an additional 1,272,441 shares during the period. Institutional investors and hedge funds own 82.98% of the company’s stock.

ASB has been the topic of several research analyst reports. Truist Financial started coverage on shares of Associated Banc in a research note on Tuesday, May 13th. They set a “hold” rating and a $26.00 target price on the stock. Wells Fargo & Company upgraded shares of Associated Banc from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $27.00 to $26.00 in a research report on Wednesday, April 9th. Robert W. Baird reduced their price objective on shares of Associated Banc from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Associated Banc from $29.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Stephens reduced their price objective on shares of Associated Banc from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Read Our Latest Stock Report on ASB

ASB stock opened at $24.27 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.88. The stock has a market cap of $4.02 billion, a P/E ratio of 30.72, a P/E/G ratio of 1.52 and a beta of 0.79. The firm has a 50 day simple moving average of $21.80 and a 200 day simple moving average of $23.93. Associated Banc-Corp has a 52 week low of $18.32 and a 52 week high of $28.18.

Associated Banc (NYSE:ASB – Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $347.86 million. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Research analysts anticipate that Associated Banc-Corp will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, June 2nd. Associated Banc’s dividend payout ratio is currently 106.98%.

In related news, Director Eileen A. Kamerick sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the transaction, the director now owns 49,495 shares of the company’s stock, valued at approximately $1,223,021.45. This trade represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew J. Harmening acquired 12,910 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $23.25 per share, for a total transaction of $300,157.50. Following the transaction, the chief executive officer now owns 319,269 shares of the company’s stock, valued at approximately $7,423,004.25. This represents a 4.21% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.45% of the company’s stock.

(Free Report)

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.

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