Associated Banc Corp (NYSE:ASB) CEO Philip B. Flynn sold 10,000 shares of Associated Banc stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $25.08, for a total value of $250,800.00. Following the sale, the chief executive officer now directly owns 122,457 shares in the company, valued at $3,071,221.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Associated Banc Corp (ASB) opened at $24.60 on Thursday. Associated Banc Corp has a 1 year low of $20.95 and a 1 year high of $26.70. The firm has a market capitalization of $4,177.76, a PE ratio of 17.20, a P/E/G ratio of 1.96 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 0.90.

Associated Banc (NYSE:ASB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The business had revenue of $272.00 million for the quarter, compared to the consensus estimate of $281.38 million. Associated Banc had a return on equity of 8.05% and a net margin of 18.80%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. analysts anticipate that Associated Banc Corp will post 1.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.15 per share. This is a boost from Associated Banc’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. Associated Banc’s dividend payout ratio (DPR) is currently 39.16%.

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Associated Banc from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Barclays reissued a “hold” rating and set a $28.00 target price on shares of Associated Banc in a research report on Tuesday, January 30th. SunTrust Banks reissued a “hold” rating and set a $24.00 target price on shares of Associated Banc in a research report on Thursday, October 12th. Zacks Investment Research raised Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, October 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $26.00 target price on shares of Associated Banc in a research report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Associated Banc currently has a consensus rating of “Hold” and an average target price of $26.30.

A number of institutional investors and hedge funds have recently made changes to their positions in ASB. Landaas & Co. WI ADV lifted its stake in Associated Banc by 98.8% during the fourth quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock worth $107,000 after purchasing an additional 2,091 shares during the period. Chicago Partners Investment Group LLC bought a new position in Associated Banc during the third quarter worth about $157,000. Meeder Asset Management Inc. lifted its stake in Associated Banc by 393.4% during the third quarter. Meeder Asset Management Inc. now owns 7,322 shares of the bank’s stock worth $178,000 after purchasing an additional 5,838 shares during the period. Flinton Capital Management LLC lifted its stake in Associated Banc by 73.4% during the second quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after purchasing an additional 3,360 shares during the period. Finally, Savant Capital LLC bought a new position in Associated Banc during the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 76.46% of the company’s stock.

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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.

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

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