John A. Utz Sells 450 Shares of Associated Banc Corp (ASB) Stock

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.

ILLEGAL ACTIVITY NOTICE: This report was first published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://transcriptdaily.com/2018/01/14/john-a-utz-sells-450-shares-of-associated-banc-corp-asb-stock.html.

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.

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

Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply