Associated Banc-Corp (NYSE:ASB) insider Judith M. Docter sold 24,500 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $25.00, for a total transaction of $612,500.00. Following the completion of the transaction, the insider now directly owns 41,293 shares in the company, valued at $1,032,325. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Associated Banc-Corp (NYSE:ASB) opened at 24.60 on Thursday. The stock’s 50 day moving average is $22.29 and its 200-day moving average is $19.63. The firm has a market cap of $3.66 billion, a P/E ratio of 20.67 and a beta of 1.20. Associated Banc-Corp has a one year low of $15.45 and a one year high of $25.20.
Associated Banc-Corp (NYSE:ASB) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Associated Banc-Corp had a net margin of 16.55% and a return on equity of 6.46%. During the same period in the prior year, the company posted $0.31 EPS. Analysts anticipate that Associated Banc-Corp will post $1.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.12 dividend. This is an increase from Associated Banc-Corp’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, November 29th. Associated Banc-Corp’s dividend payout ratio (DPR) is presently 40.34%.
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A number of research analysts recently weighed in on ASB shares. Zacks Investment Research lowered shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Deutsche Bank AG increased their price objective on shares of Associated Banc-Corp from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. DA Davidson started coverage on shares of Associated Banc-Corp in a report on Monday, October 3rd. They issued an “underperform” rating and a $18.00 price objective for the company. Finally, Barclays PLC increased their price objective on shares of Associated Banc-Corp from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, December 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Associated Banc-Corp currently has a consensus rating of “Hold” and a consensus target price of $21.14.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Associated Banc-Corp by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,382 shares of the company’s stock worth $105,000 after buying an additional 566 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Associated Banc-Corp by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 6,304 shares of the company’s stock worth $108,000 after buying an additional 41 shares during the last quarter. Quantbot Technologies LP acquired a new position in Associated Banc-Corp during the third quarter worth about $110,000. Tower Research Capital LLC TRC increased its position in Associated Banc-Corp by 3,408.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,684 shares of the company’s stock worth $111,000 after buying an additional 5,522 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Associated Banc-Corp by 49.0% in the second quarter. LS Investment Advisors LLC now owns 11,828 shares of the company’s stock valued at $203,000 after buying an additional 3,889 shares in the last quarter. Institutional investors own 75.19% of the company’s stock.
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 nonbanking 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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