Vanguard Group Inc. Buys 248,381 Shares of Associated Banc-Corp (ASB)

Vanguard Group Inc. lifted its stake in shares of Associated Banc-Corp (NYSE:ASB) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,739,124 shares of the bank’s stock after acquiring an additional 248,381 shares during the quarter. Vanguard Group Inc. owned approximately 8.40% of Associated Banc-Corp worth $321,025,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ASB. State Street Corp grew its stake in shares of Associated Banc-Corp by 10.4% during the 1st quarter. State Street Corp now owns 6,785,200 shares of the bank’s stock valued at $165,559,000 after acquiring an additional 641,800 shares during the period. Morgan Stanley grew its stake in shares of Associated Banc-Corp by 64.2% during the 1st quarter. Morgan Stanley now owns 548,775 shares of the bank’s stock valued at $13,389,000 after acquiring an additional 214,593 shares during the period. Alliancebernstein L.P. grew its stake in shares of Associated Banc-Corp by 4.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,193,941 shares of the bank’s stock valued at $105,687,000 after acquiring an additional 163,081 shares during the period. Prudential Financial Inc. grew its stake in shares of Associated Banc-Corp by 14.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,149,349 shares of the bank’s stock valued at $28,963,000 after acquiring an additional 147,700 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Associated Banc-Corp by 43.4% during the 1st quarter. Renaissance Technologies LLC now owns 463,179 shares of the bank’s stock valued at $11,302,000 after acquiring an additional 140,279 shares during the period. Institutional investors own 77.47% of the company’s stock.

In other news, insider Christopher C. Piotrowski sold 16,218 shares of Associated Banc-Corp stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.55, for a total value of $381,933.90. Following the sale, the insider now directly owns 30,479 shares of the company’s stock, valued at $717,780.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eileen A. Kamerick sold 4,500 shares of Associated Banc-Corp stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $23.57, for a total value of $106,065.00. Following the completion of the sale, the director now directly owns 27,004 shares in the company, valued at $636,484.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,772 shares of company stock worth $914,334. 1.80% of the stock is owned by corporate insiders.

Associated Banc-Corp (NYSE:ASB) opened at 24.40 on Tuesday. Associated Banc-Corp has a 1-year low of $18.85 and a 1-year high of $26.70. The firm has a 50-day moving average price of $22.90 and a 200 day moving average price of $23.96. The company has a market capitalization of $3.70 billion, a P/E ratio of 17.55 and a beta of 1.19.

Associated Banc-Corp (NYSE:ASB) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. The company had revenue of $266.23 million for the quarter, compared to analyst estimates of $273.29 million. During the same period last year, the company earned $0.31 earnings per share. On average, equities analysts predict that Associated Banc-Corp will post $1.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, August 30th. Associated Banc-Corp’s payout ratio is currently 34.53%.

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A number of research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective on shares of Associated Banc-Corp in a research note on Friday, August 11th. BidaskClub downgraded Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Robert W. Baird reiterated a “hold” rating and set a $25.00 price objective on shares of Associated Banc-Corp in a research note on Sunday, October 1st. Zacks Investment Research upgraded Associated Banc-Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Associated Banc-Corp in a research note on Friday, September 22nd. One research analyst h

Several other large investors also recently made changes to their positions in ASB. State Street Corp grew its stake in shares of Associated Banc-Corp by 10.4% during the 1st quarter. State Street Corp now owns 6,785,200 shares of the bank’s stock valued at $165,559,000 after acquiring an additional 641,800 shares during the period. Morgan Stanley grew its stake in shares of Associated Banc-Corp by 64.2% during the 1st quarter. Morgan Stanley now owns 548,775 shares of the bank’s stock valued at $13,389,000 after acquiring an additional 214,593 shares during the period. Alliancebernstein L.P. grew its stake in shares of Associated Banc-Corp by 4.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,193,941 shares of the bank’s stock valued at $105,687,000 after acquiring an additional 163,081 shares during the period. Prudential Financial Inc. grew its stake in shares of Associated Banc-Corp by 14.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,149,349 shares of the bank’s stock valued at $28,963,000 after acquiring an additional 147,700 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Associated Banc-Corp by 43.4% during the 1st quarter. Renaissance Technologies LLC now owns 463,179 shares of the bank’s stock valued at $11,302,000 after acquiring an additional 140,279 shares during the period. Institutional investors own 77.47% of the company’s stock.

In other news, insider Christopher C. Piotrowski sold 16,218 shares of Associated Banc-Corp stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.55, for a total value of $381,933.90. Following the sale, the insider now directly owns 30,479 shares of the company’s stock, valued at $717,780.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eileen A. Kamerick sold 4,500 shares of Associated Banc-Corp stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $23.57, for a total value of $106,065.00. Following the completion of the sale, the director now directly owns 27,004 shares in the company, valued at $636,484.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,772 shares of company stock worth $914,334. 1.80% of the stock is owned by corporate insiders.

Associated Banc-Corp (NYSE:ASB) opened at 24.40 on Tuesday. Associated Banc-Corp has a 1-year low of $18.85 and a 1-year high of $26.70. The firm has a 50-day moving average price of $22.90 and a 200 day moving average price of $23.96. The company has a market capitalization of $3.70 billion, a P/E ratio of 17.55 and a beta of 1.19.

Associated Banc-Corp (NYSE:ASB) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. The company had revenue of $266.23 million for the quarter, compared to analyst estimates of $273.29 million. During the same period last year, the company earned $0.31 earnings per share. On average, equities analysts predict that Associated Banc-Corp will post $1.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, August 30th. Associated Banc-Corp’s payout ratio is currently 34.53%.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/10/vanguard-group-inc-buys-248381-shares-of-associated-banc-corp-asb.html.

A number of research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective on shares of Associated Banc-Corp in a research note on Friday, August 11th. BidaskClub downgraded Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Robert W. Baird reiterated a “hold” rating and set a $25.00 price objective on shares of Associated Banc-Corp in a research note on Sunday, October 1st. Zacks Investment Research upgraded Associated Banc-Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Associated Banc-Corp in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.00.

Associated Banc-Corp Company Profile

Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

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Institutional Ownership by Quarter for Associated Banc-Corp (NYSE:ASB)

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