Associated Banc-Corp (ASB) Insider Breck F. Hanson Sells 11,373 Shares

Associated Banc-Corp (NYSE:ASB) insider Breck F. Hanson sold 11,373 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $24.92, for a total value of $283,415.16. Following the completion of the sale, the insider now directly owns 37,722 shares in the company, valued at $940,032.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Associated Banc-Corp (ASB) traded up $0.15 on Friday, reaching $24.85. 510,500 shares of the company’s stock were exchanged, compared to its average volume of 898,872. The stock has a market cap of $3,756.45, a price-to-earnings ratio of 17.02, a PEG ratio of 2.37 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 0.90. Associated Banc-Corp has a 1-year low of $20.95 and a 1-year high of $26.70.

Associated Banc-Corp (NYSE:ASB) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $276.02 million during the quarter, compared to analyst estimates of $276.88 million. Associated Banc-Corp had a net margin of 19.54% and a return on equity of 7.81%. During the same period in the previous year, the business earned $0.31 EPS. research analysts expect that Associated Banc-Corp will post 1.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.3828 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.53 dividend on an annualized basis and a yield of 6.16%. Associated Banc-Corp’s dividend payout ratio is presently 32.88%.

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A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Associated Banc-Corp in a research report on Friday, September 22nd. BidaskClub lowered shares of Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Robert W. Baird restated a “hold” rating and issued a $25.00 price objective on shares of Associated Banc-Corp in a report on Friday, August 25th. Finally, ValuEngine lowered shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.82.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its stake in Associated Banc-Corp by 47.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 57,517 shares of the bank’s stock valued at $1,449,000 after buying an additional 18,435 shares during the last quarter. Wells Fargo & Company MN raised its stake in Associated Banc-Corp by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,840,826 shares of the bank’s stock valued at $46,389,000 after buying an additional 38,996 shares during the last quarter. Vanguard Group Inc. raised its stake in Associated Banc-Corp by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,739,124 shares of the bank’s stock valued at $321,025,000 after buying an additional 248,381 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Associated Banc-Corp by 20.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 240,000 shares of the bank’s stock valued at $6,048,000 after buying an additional 40,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Associated Banc-Corp by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 808,521 shares of the bank’s stock valued at $20,375,000 after buying an additional 41,053 shares during the last quarter. Institutional investors and hedge funds own 76.65% of the company’s stock.

About Associated Banc-Corp

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.

Insider Buying and Selling by Quarter for Associated Banc-Corp (NYSE:ASB)

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