Associated Banc Corp (NYSE:ASB) insider John A. Utz sold 450 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $26.00, for a total value of $11,700.00. Following the completion of the transaction, the insider now owns 39,812 shares in the company, valued at $1,035,112. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Associated Banc Corp (ASB) remained flat at $$26.55 during trading hours on Friday. 636,595 shares of the stock traded hands, compared to its average volume of 857,769. The firm has a market capitalization of $4,013.43, a PE ratio of 18.18, a P/E/G ratio of 2.17 and a beta of 1.19. 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 52 week low of $20.95 and a 52 week high of $26.70.
Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. During the same period last year, the business posted $0.31 EPS. research analysts forecast 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 was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.3828 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.53 annualized dividend and a dividend yield of 5.77%. Associated Banc’s payout ratio is currently 38.36%.
ASB has been the topic of a number of research reports. Zacks Investment Research downgraded Associated Banc from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Barclays raised their price objective on Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. SunTrust Banks set a $26.00 price objective on Associated Banc and gave the stock a “hold” rating in a report on Saturday, October 21st. Jefferies Group restated a “hold” rating and issued a $28.00 price objective on shares of Associated Banc in a report on Thursday, October 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $25.00 price objective on shares of Associated Banc in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Associated Banc presently has an average rating of “Hold” and a consensus price target of $26.60.
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Associated Banc 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 period. Vanguard Group Inc. raised its holdings in shares of Associated Banc 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 period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Associated Banc during the 3rd quarter valued at about $677,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Associated Banc 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 period. Finally, Swiss National Bank raised its holdings in shares of Associated Banc by 2.0% during the 2nd quarter. Swiss National Bank now owns 252,900 shares of the bank’s stock valued at $6,373,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.
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About Associated Banc
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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