Associated Banc Corp (ASB) Insider Sells $11,700.00 in Stock

Associated Banc Corp (NYSE:ASB) insider John A. Utz sold 450 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $26.00, for a total value of $11,700.00. Following the completion of the sale, the insider now owns 39,812 shares in the company, valued at $1,035,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Associated Banc Corp (NYSE:ASB) remained flat at $$26.55 during mid-day trading on Friday. The company’s stock had a trading volume of 636,595 shares, compared to its average volume of 856,956. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.03. The company has a market cap of $4,010.00, a P/E ratio of 18.31, a PEG ratio of 2.26 and a beta of 1.19. Associated Banc Corp has a fifty-two week low of $20.95 and a fifty-two week high of $26.70.

Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $276.02 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.31 earnings per share. sell-side analysts anticipate that Associated Banc Corp will post 1.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.3828 per share. This represents a $1.53 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Thursday, November 30th. Associated Banc’s payout ratio is presently 38.62%.

A number of brokerages have weighed in on ASB. Barclays upped their price target on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. SunTrust Banks reiterated a “hold” rating and issued a $24.00 price target on shares of Associated Banc in a research report on Thursday, October 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price target on shares of Associated Banc in a research report on Tuesday. Zacks Investment Research upgraded Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, October 24th. Finally, Jefferies Group reiterated a “hold” rating and issued a $28.00 price target on shares of Associated Banc in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.60.

Several hedge funds have recently made changes to their positions in ASB. Schwab Charles Investment Management Inc. grew its holdings in shares of Associated Banc by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 808,521 shares of the bank’s stock worth $20,375,000 after purchasing an additional 41,053 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Associated Banc by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after purchasing an additional 549 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Associated Banc during the second quarter worth $276,000. Principal Financial Group Inc. grew its holdings in shares of Associated Banc by 4.3% during the second quarter. Principal Financial Group Inc. now owns 646,421 shares of the bank’s stock worth $16,289,000 after purchasing an additional 26,400 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Associated Banc by 2.0% during the second quarter. Swiss National Bank now owns 252,900 shares of the bank’s stock worth $6,373,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 77.43% of the company’s stock.

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About Associated Banc

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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