Associated Banc Corp (NYSE:ASB) insider John A. Utz sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $23.06, for a total value of $172,950.00. Following the sale, the insider now directly owns 61,466 shares of the company’s stock, valued at $1,417,405.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NYSE ASB opened at $23.18 on Friday. The firm has a market capitalization of $3.81 billion, a PE ratio of 11.42, a PEG ratio of 1.58 and a beta of 1.13. Associated Banc Corp has a 52 week low of $18.53 and a 52 week high of $29.02. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.24.

Associated Banc (NYSE:ASB) last released its earnings results on Thursday, January 24th. The bank reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $311.13 million. Associated Banc had a return on equity of 9.79% and a net margin of 22.09%. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Associated Banc Corp will post 2.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.17 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 2.93%. Associated Banc’s dividend payout ratio is currently 33.50%.

Several large investors have recently bought and sold shares of ASB. Wells Fargo & Company MN boosted its position in shares of Associated Banc by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 2,086,074 shares of the bank’s stock worth $54,237,000 after purchasing an additional 67,264 shares during the last quarter. LSV Asset Management boosted its position in shares of Associated Banc by 2.9% in the 3rd quarter. LSV Asset Management now owns 1,091,814 shares of the bank’s stock worth $28,387,000 after purchasing an additional 30,500 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Associated Banc by 81.0% in the 3rd quarter. SG Americas Securities LLC now owns 158,695 shares of the bank’s stock worth $4,126,000 after purchasing an additional 71,026 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Associated Banc by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,462,515 shares of the bank’s stock worth $116,026,000 after purchasing an additional 377,177 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Associated Banc by 241.7% in the 3rd quarter. Prudential Financial Inc. now owns 1,444,644 shares of the bank’s stock worth $37,561,000 after purchasing an additional 1,021,910 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

A number of research firms recently weighed in on ASB. Royal Bank of Canada dropped their price target on Associated Banc to $24.00 and set a “sector perform” rating for the company in a report on Friday, January 25th. Barclays reissued a “hold” rating and issued a $25.00 target price on shares of Associated Banc in a research note on Friday, January 11th. Bank of America cut Associated Banc from a “neutral” rating to an “underperform” rating and set a $21.00 target price for the company. in a research note on Thursday, January 10th. Jefferies Financial Group raised Associated Banc from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, January 8th. Finally, Raymond James cut Associated Banc from a “mkt perform” rating to an “underperform” rating in a research note on Monday, January 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Associated Banc has an average rating of “Hold” and a consensus price target of $25.60.

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About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.

Further Reading: Mutual Funds

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

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