Texas Permanent School Fund raised its position in Associated Banc-Corp (NYSE:ASB) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 111,210 shares of the bank’s stock after buying an additional 1,301 shares during the period. Texas Permanent School Fund’s holdings in Associated Banc-Corp were worth $2,802,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ASB. Victory Capital Management Inc. boosted its position in shares of Associated Banc-Corp by 4.6% in the first quarter. Victory Capital Management Inc. now owns 5,176,832 shares of the bank’s stock worth $126,315,000 after buying an additional 228,539 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Associated Banc-Corp by 2.5% in the first quarter. Retirement Systems of Alabama now owns 195,982 shares of the bank’s stock worth $4,782,000 after buying an additional 4,768 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Associated Banc-Corp by 9.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 767,468 shares of the bank’s stock worth $18,727,000 after buying an additional 65,509 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Associated Banc-Corp by 49.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 33,592 shares of the bank’s stock worth $819,000 after buying an additional 11,086 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Associated Banc-Corp by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 68,620 shares of the bank’s stock worth $1,674,000 after buying an additional 950 shares during the last quarter. Institutional investors own 78.54% of the company’s stock.

Associated Banc-Corp (NYSE ASB) opened at 23.30 on Tuesday. Associated Banc-Corp has a 52-week low of $18.33 and a 52-week high of $26.70. The firm has a 50 day moving average of $24.67 and a 200-day moving average of $24.79. The stock has a market cap of $3.53 billion, a PE ratio of 16.76 and a beta of 1.16.

Associated Banc-Corp (NYSE:ASB) last released its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $266.23 million during the quarter, compared to analyst estimates of $273.29 million. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. During the same quarter last year, the business earned $0.31 EPS. Equities analysts anticipate that Associated Banc-Corp will post $1.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 2.06%. Associated Banc-Corp’s dividend payout ratio (DPR) is presently 34.53%.

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A number of equities analysts recently commented on ASB shares. Zacks Investment Research cut shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 7th. Piper Jaffray Companies set a $25.00 target price on shares of Associated Banc-Corp and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Finally, BidaskClub cut shares of Associated Banc-Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Associated Banc-Corp presently has an average rating of “Hold” and a consensus target price of $25.00.

In other news, Director Eileen A. Kamerick sold 4,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $23.57, for a total value of $106,065.00. Following the completion of the sale, the director now owns 27,004 shares in the company, valued at approximately $636,484.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John A. Utz sold 8,054 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $23.62, for a total transaction of $190,235.48. Following the completion of the sale, the insider now owns 44,405 shares of the company’s stock, valued at approximately $1,048,846.10. The disclosure for this sale can be found here. Insiders sold a total of 22,554 shares of company stock valued at $532,400 in the last 90 days. Company insiders own 1.80% 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 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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Institutional Ownership by Quarter for Associated Banc-Corp (NYSE:ASB)

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