Associated Banc Corp (NYSE:ASB) CEO Philip B. Flynn sold 10,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $25.08, for a total value of $250,800.00. Following the transaction, the chief executive officer now directly owns 122,457 shares of the company’s stock, valued at approximately $3,071,221.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Associated Banc Corp (NYSE ASB) traded down $0.35 on Tuesday, reaching $24.25. The company’s stock had a trading volume of 3,688,351 shares, compared to its average volume of 1,310,886. Associated Banc Corp has a fifty-two week low of $20.95 and a fifty-two week 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 1.10. The firm has a market cap of $3,670.00, a PE ratio of 16.84, a PEG ratio of 2.07 and a beta of 1.08.

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

A number of research firms have recently commented on ASB. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price target on shares of Associated Banc in a report on Tuesday, January 9th. Morgan Stanley lowered their price target on Associated Banc from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Barclays upped their target price on Associated Banc from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $27.00 target price on shares of Associated Banc in a report on Wednesday, November 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $28.00 target price on shares of Associated Banc in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Associated Banc has an average rating of “Hold” and a consensus price target of $26.30.

A number of institutional investors and hedge funds have recently modified their holdings of ASB. Maltese Capital Management LLC increased its stake in shares of Associated Banc by 63.7% in the fourth quarter. Maltese Capital Management LLC now owns 745,038 shares of the bank’s stock valued at $18,924,000 after buying an additional 290,038 shares during the period. Aperio Group LLC increased its stake in shares of Associated Banc by 39.9% in the fourth quarter. Aperio Group LLC now owns 57,673 shares of the bank’s stock valued at $1,465,000 after buying an additional 16,448 shares during the period. North Star Asset Management Inc. increased its stake in shares of Associated Banc by 19.9% in the fourth quarter. North Star Asset Management Inc. now owns 86,340 shares of the bank’s stock valued at $2,193,000 after buying an additional 14,304 shares during the period. LSV Asset Management increased its stake in shares of Associated Banc by 102.3% in the fourth quarter. LSV Asset Management now owns 917,315 shares of the bank’s stock valued at $23,299,000 after buying an additional 463,800 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Associated Banc by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,773 shares of the bank’s stock valued at $223,000 after buying an additional 2,842 shares during the period. 76.46% of the stock is owned by institutional investors and hedge funds.

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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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