UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Associated Banc-Corp (NYSE:ASB - Free Report) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 435,634 shares of the bank's stock after acquiring an additional 107,328 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Associated Banc worth $10,412,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ASB. Barclays PLC boosted its holdings in shares of Associated Banc by 51.3% in the 3rd quarter. Barclays PLC now owns 371,448 shares of the bank's stock valued at $8,002,000 after purchasing an additional 125,899 shares in the last quarter. KBC Group NV lifted its position in shares of Associated Banc by 72.5% during the 4th quarter. KBC Group NV now owns 7,023 shares of the bank's stock worth $168,000 after buying an additional 2,952 shares during the last quarter. R Squared Ltd acquired a new stake in Associated Banc in the fourth quarter valued at about $67,000. Crews Bank & Trust bought a new position in Associated Banc in the fourth quarter valued at about $56,000. Finally, Heck Capital Advisors LLC bought a new position in Associated Banc in the fourth quarter valued at about $343,000. 82.98% of the stock is owned by institutional investors.

Shares of ASB opened at $23.19 on Friday. The stock's 50-day moving average price is $21.99 and its two-hundred day moving average price is $23.77. Associated Banc-Corp has a 12 month low of $18.32 and a 12 month high of $28.18. The company has a market capitalization of $3.85 billion, a PE ratio of 29.35, a PEG ratio of 1.52 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.23 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.97%. Associated Banc's dividend payout ratio (DPR) is currently 106.98%.

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total value of $172,970.00. Following the transaction, the director now directly owns 49,495 shares of the company's stock, valued at approximately $1,223,021.45. The trade was a 12.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew J. Harmening purchased 12,910 shares of the business's stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $23.25 per share, for a total transaction of $300,157.50. Following the completion of the acquisition, the chief executive officer now directly owns 319,269 shares in the company, 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 1.10% of the company's stock.

A number of equities research analysts have recently weighed in on ASB shares. Truist Financial initiated coverage on shares of Associated Banc in a research note on Tuesday, May 13th. They issued a "hold" rating and a $26.00 price target on the stock. Raymond James restated an "outperform" rating and issued a $27.00 target price on shares of Associated Banc in a research report on Monday, April 28th. Barclays decreased their target price on shares of Associated Banc from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company upgraded Associated Banc from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $27.00 to $26.00 in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on Associated Banc from $29.00 to $27.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Associated Banc presently has a consensus rating of "Hold" and a consensus target price of $26.00.

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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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