Two Sigma Advisers LP decreased its position in Associated Banc-Corp (NYSE:ASB - Free Report) by 73.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,800 shares of the bank's stock after selling 32,200 shares during the period. Two Sigma Advisers LP's holdings in Associated Banc were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its holdings in shares of Associated Banc by 154.3% during the fourth quarter. Quarry LP now owns 1,073 shares of the bank's stock valued at $26,000 after purchasing an additional 651 shares during the period. Covestor Ltd raised its holdings in shares of Associated Banc by 221.0% during the fourth quarter. Covestor Ltd now owns 1,499 shares of the bank's stock valued at $36,000 after purchasing an additional 1,032 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Associated Banc by 49.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank's stock valued at $42,000 after purchasing an additional 579 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Associated Banc by 13.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank's stock valued at $84,000 after purchasing an additional 408 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Associated Banc by 18.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,592 shares of the bank's stock valued at $86,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 82.98% of the company's stock.

In related news, CEO Andrew J. Harmening bought 12,910 shares of Associated Banc stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $23.25 per share, with a total value of $300,157.50. Following the transaction, the chief executive officer now directly owns 319,269 shares of the company's stock, valued at approximately $7,423,004.25. The trade was a 4.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Associated Banc in a report on Tuesday, May 13th. They set a "hold" rating and a $26.00 price objective on the stock. Barclays dropped their price objective on shares of Associated Banc from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Associated Banc from $29.00 to $27.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Stephens lowered their target price on shares of Associated Banc from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Raymond James restated an "outperform" rating and issued a $27.00 target price on shares of Associated Banc in a report on Monday, April 28th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.00.

View Our Latest Stock Report on Associated Banc

Shares of ASB stock opened at $23.56 on Friday. Associated Banc-Corp has a 52-week low of $18.32 and a 52-week high of $28.18. 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 company has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $23.65. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.52 and a beta of 0.79.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Monday, June 2nd. Associated Banc's payout ratio is 106.98%.

(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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