Associated Banc-Corp (ASB) Insider William M. Bohn Sells 15,946 Shares
Associated Banc-Corp (NYSE:ASB) insider William M. Bohn sold 15,946 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $26.00, for a total value of $414,596.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Associated Banc-Corp (ASB) traded up $0.05 during trading on Friday, hitting $25.55. The company’s stock had a trading volume of 1,055,144 shares, compared to its average volume of 717,493. The company has a market cap of $3,854.70, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.43 and a beta of 1.19. Associated Banc-Corp has a twelve month low of $20.95 and a twelve month high of $26.70. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.03.
Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $276.02 million during the quarter, compared to analyst estimates of $276.88 million. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. During the same quarter last year, the company earned $0.31 EPS. research analysts expect that Associated Banc-Corp will post 1.5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.3828 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, November 30th. Associated Banc’s payout ratio is 38.36%.
Several institutional investors have recently bought and sold shares of ASB. Morgan Dempsey Capital Management LLC grew its holdings in shares of Associated Banc by 40.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock worth $140,000 after acquiring an additional 1,597 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Associated Banc by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after acquiring an additional 549 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Associated Banc in the third quarter worth $157,000. Meeder Asset Management Inc. grew its holdings in shares of Associated Banc by 393.4% in the third quarter. Meeder Asset Management Inc. now owns 7,322 shares of the bank’s stock worth $178,000 after acquiring an additional 5,838 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in shares of Associated Banc by 73.4% in the second quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after acquiring an additional 3,360 shares during the period. 76.51% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on ASB shares. Zacks Investment Research upgraded Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, October 24th. Barclays raised their target price on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Jefferies Group restated a “hold” rating and issued a $27.00 target price on shares of Associated Banc in a research note on Friday, August 11th. ValuEngine cut Associated Banc from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $25.00 target price on shares of Associated Banc in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.91.
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Associated Banc 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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