Nisa Investment Advisors LLC Has $722,000 Stake in Associated Banc-Corp (NYSE:ASB)

Nisa Investment Advisors LLC grew its holdings in shares of Associated Banc-Corp (NYSE:ASB) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,737 shares of the bank’s stock after acquiring an additional 1,446 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Associated Banc were worth $722,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ASB. Cambridge Investment Research Advisors Inc. raised its stake in Associated Banc by 62.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,246 shares of the bank’s stock worth $347,000 after acquiring an additional 5,846 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Associated Banc by 11.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,451 shares of the bank’s stock worth $192,000 after purchasing an additional 884 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Associated Banc during the first quarter worth about $91,000. Acadian Asset Management LLC bought a new stake in shares of Associated Banc during the first quarter worth about $262,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Associated Banc by 10.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,829 shares of the bank’s stock worth $1,248,000 after purchasing an additional 5,073 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Associated Banc Stock Performance

Shares of ASB stock opened at $19.90 on Wednesday. The business’s 50 day simple moving average is $20.70 and its 200 day simple moving average is $19.59. Associated Banc-Corp has a one year low of $14.47 and a one year high of $22.16. The stock has a market capitalization of $3.00 billion, a PE ratio of 17.61, a PEG ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.88 and a quick ratio of 0.87.

Associated Banc (NYSE:ASB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Associated Banc had a return on equity of 8.90% and a net margin of 8.12%. The firm had revenue of $322.22 million for the quarter, compared to analyst estimates of $325.89 million. As a group, research analysts forecast that Associated Banc-Corp will post 2.13 earnings per share for the current year.

Associated Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, February 29th. Associated Banc’s dividend payout ratio (DPR) is presently 77.88%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, Director John B. Williams sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $19.55, for a total value of $52,785.00. Following the transaction, the director now directly owns 62,876 shares of the company’s stock, valued at $1,229,225.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP John A. Utz sold 14,010 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $21.20, for a total transaction of $297,012.00. Following the transaction, the executive vice president now directly owns 89,880 shares of the company’s stock, valued at $1,905,456. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Williams sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $19.55, for a total value of $52,785.00. Following the transaction, the director now directly owns 62,876 shares in the company, valued at $1,229,225.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,710 shares of company stock valued at $454,897. 1.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Associated Banc from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Barclays assumed coverage on Associated Banc in a report on Friday, March 8th. They set an “equal weight” rating and a $22.00 price target on the stock. Raymond James boosted their price target on Associated Banc from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $23.00 price target on shares of Associated Banc in a report on Tuesday, April 9th. Finally, Piper Sandler upped their target price on Associated Banc from $21.50 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.63.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.