A number of other hedge funds and other institutional investors have also made changes to their positions in ASB. Hancock Whitney Corp increased its position in shares of Associated Banc by 0.7% in the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank’s stock valued at $1,386,000 after acquiring an additional 401 shares during the last quarter. NewEdge Advisors LLC grew its stake in Associated Banc by 13.1% in 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 in the last quarter. US Bancorp DE increased its position in shares of Associated Banc by 0.6% during the 4th quarter. US Bancorp DE now owns 80,294 shares of the bank’s stock worth $1,919,000 after purchasing an additional 494 shares during the last quarter. Mariner LLC raised its stake in shares of Associated Banc by 3.3% during the 4th quarter. Mariner LLC now owns 17,882 shares of the bank’s stock worth $427,000 after purchasing an additional 566 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Associated Banc by 18.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,592 shares of the bank’s stock valued at $86,000 after buying an additional 572 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors and hedge funds.

ASB has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on shares of Associated Banc in a report on Tuesday, May 13th. They set a “hold” rating and a $26.00 target price on the stock. Raymond James restated an “outperform” rating and set a $27.00 price objective on shares of Associated Banc in a research note on Monday, April 28th. Barclays dropped 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 report on Tuesday, April 8th. Stephens reduced their price target on Associated Banc from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Wells Fargo & Company upgraded Associated Banc from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $27.00 to $26.00 in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

Check Out Our Latest Report on ASB

Associated Banc stock opened at $23.19 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings 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-Corp has a 12 month low of $18.32 and a 12 month high of $28.18. The stock’s 50 day moving average is $21.99 and its 200-day moving average is $23.75.

Associated Banc (NYSE:ASB – Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm 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 company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Equities research analysts expect that Associated Banc-Corp will post 2.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.97%. The ex-dividend date is Monday, June 2nd. Associated Banc’s dividend payout ratio (DPR) is 106.98%.

In related news, CEO Andrew J. Harmening acquired 12,910 shares of the company’s stock in a transaction on 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 acquisition, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction 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 sale, the director now directly owns 49,495 shares in the company, valued at approximately $1,223,021.45. This trade represents a 12.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% 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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Associated Banc-Corp (NYSE:ASB – Free Report).

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