Associated Banc Corp (NYSE:ASB) insider William M. Bohn sold 19,011 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.82, for a total transaction of $471,853.02. Following the sale, the insider now owns 59,290 shares of the company’s stock, valued at approximately $1,471,577.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Associated Banc Corp (ASB) traded down $0.40 on Wednesday, hitting $26.30. 809,612 shares of the stock were exchanged, compared to its average volume of 1,435,545. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $4,080.41, a P/E ratio of 17.58, a PEG ratio of 2.17 and a beta of 1.03. Associated Banc Corp has a 1-year low of $20.95 and a 1-year high of $27.20.
Associated Banc (NYSE:ASB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). The company had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $281.38 million. Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. equities analysts forecast that Associated Banc Corp will post 1.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.15 per share. This is an increase from Associated Banc’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, February 28th. Associated Banc’s dividend payout ratio (DPR) is 41.96%.
A number of large investors have recently bought and sold shares of the business. Landaas & Co. WI ADV increased its holdings in Associated Banc by 98.8% during the 4th quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock valued at $107,000 after acquiring an additional 2,091 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Associated Banc by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 20,892 shares of the bank’s stock valued at $507,000 after acquiring an additional 2,175 shares in the last quarter. Zeke Capital Advisors LLC increased its holdings in Associated Banc by 12.3% during the 4th quarter. Zeke Capital Advisors LLC now owns 20,100 shares of the bank’s stock valued at $511,000 after acquiring an additional 2,200 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Associated Banc by 2.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 79,828 shares of the bank’s stock valued at $2,012,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Associated Banc by 26.4% during the 4th quarter. Flinton Capital Management LLC now owns 10,816 shares of the bank’s stock valued at $275,000 after acquiring an additional 2,256 shares in the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.
A number of equities analysts have commented on ASB shares. ValuEngine upgraded shares of Associated Banc from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, January 2nd. Barclays restated a “hold” rating and set a $28.00 price objective on shares of Associated Banc in a research report on Tuesday, January 30th. Piper Jaffray Companies restated a “hold” rating and set a $26.00 price objective on shares of Associated Banc in a research report on Sunday, January 28th. Finally, SunTrust Banks restated a “hold” rating and set a $27.00 price objective on shares of Associated Banc in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Associated Banc currently has a consensus rating of “Hold” and a consensus target price of $26.30.
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Associated Banc 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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