Oregon Public Employees Retirement Fund increased its position in Associated Banc-Corp (NYSE:ASB) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,768 shares of the bank’s stock after buying an additional 2,349 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Associated Banc-Corp were worth $1,380,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Associated Banc-Corp by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 168,834 shares of the bank’s stock worth $4,170,000 after buying an additional 8,130 shares in the last quarter. Foundry Partners LLC increased its position in shares of Associated Banc-Corp by 6.9% in the first quarter. Foundry Partners LLC now owns 691,698 shares of the bank’s stock worth $16,877,000 after buying an additional 44,353 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Associated Banc-Corp by 2.6% in the first quarter. Capstone Asset Management Co. now owns 16,071 shares of the bank’s stock worth $392,000 after buying an additional 410 shares in the last quarter. Alpha Windward LLC acquired a new position in shares of Associated Banc-Corp during the first quarter worth $445,000. Finally, Parametrica Management Ltd acquired a new position in shares of Associated Banc-Corp during the first quarter worth $359,000. Institutional investors and hedge funds own 78.54% of the company’s stock.
Associated Banc-Corp (NYSE ASB) traded down 0.46% during trading on Friday, hitting $21.80. The company had a trading volume of 855,276 shares. The stock has a market capitalization of $3.31 billion, a PE ratio of 15.68 and a beta of 1.16. The stock has a 50-day moving average of $23.92 and a 200-day moving average of $24.59. Associated Banc-Corp has a one year low of $18.74 and a one year high of $26.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.48 annualized dividend and a yield of 2.20%. Associated Banc-Corp’s dividend payout ratio (DPR) is presently 34.53%.
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ASB has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price target on shares of Associated Banc-Corp in a report on Sunday, June 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 price objective on shares of Associated Banc-Corp in a research report on Friday, July 21st. Zacks Investment Research cut Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. BidaskClub raised Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 price target (up previously from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.00.
In other Associated Banc-Corp news, Director Eileen A. Kamerick sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $23.57, for a total transaction of $106,065.00. Following the completion of the sale, the director now directly owns 27,004 shares in the company, valued at $636,484.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Philip B. Flynn sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $23.61, for a total transaction of $236,100.00. Following the sale, the chief executive officer now owns 127,585 shares of the company’s stock, valued at $3,012,281.85. The disclosure for this sale can be found here. Insiders have sold 38,772 shares of company stock valued at $914,334 over the last 90 days. Company insiders own 1.80% of the company’s stock.
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.
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