Associated Banc-Corp (NYSE:ASB) CEO Philip B. Flynn sold 10,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $25.25, for a total transaction of $252,500.00. Following the completion of the transaction, the chief executive officer now owns 127,585 shares in the company, valued at $3,221,521.25. The sale was disclosed in a filing with the SEC, which is available through this link.

Associated Banc-Corp (NYSE ASB) traded up 1.098% on Tuesday, hitting $25.325. 344,995 shares of the company’s stock were exchanged. The company has a market cap of $3.84 billion, a PE ratio of 18.219 and a beta of 1.19. Associated Banc-Corp has a 12-month low of $19.65 and a 12-month high of $26.70. The company’s 50-day moving average price is $24.18 and its 200-day moving average price is $24.08.

Associated Banc-Corp (NYSE:ASB) last issued its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. Associated Banc-Corp had a net margin of 19.54% and a return on equity of 7.81%. The business had revenue of $276.02 million during the quarter, compared to analysts’ expectations of $276.88 million. During the same quarter in the prior year, the business posted $0.31 EPS. Analysts forecast that Associated Banc-Corp will post $1.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.14 dividend. This is an increase from Associated Banc-Corp’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, November 30th. This represents a $0.56 annualized dividend and a yield of 2.24%. Associated Banc-Corp’s dividend payout ratio is 32.88%.

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Hedge funds have recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC raised its position in Associated Banc-Corp by 40.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock valued at $140,000 after purchasing an additional 1,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Associated Banc-Corp by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock valued at $149,000 after purchasing an additional 549 shares during the last quarter. Meeder Asset Management Inc. raised its position in Associated Banc-Corp by 393.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,322 shares of the bank’s stock valued at $178,000 after purchasing an additional 5,838 shares during the last quarter. Flinton Capital Management LLC raised its position in Associated Banc-Corp by 73.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock valued at $200,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Associated Banc-Corp by 73.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,854 shares of the bank’s stock valued at $223,000 after purchasing an additional 3,754 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

A number of equities analysts have commented on ASB shares. Robert W. Baird restated a “hold” rating and issued a $25.00 target price on shares of Associated Banc-Corp in a research note on Sunday, October 1st. SunTrust Banks, Inc. set a $26.00 target price on shares of Associated Banc-Corp and gave the stock a “hold” rating in a research note on Saturday, October 21st. Jefferies Group LLC restated a “hold” rating and issued a $27.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research note on Tuesday, August 22nd. Finally, BidaskClub downgraded shares of Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. Associated Banc-Corp presently has an average rating of “Hold” and an average price target of $25.82.

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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