Associated Banc-Corp (ASB) Shares Sold by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can reduced its position in Associated Banc-Corp (NYSE:ASB) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,998 shares of the bank’s stock after selling 5,840 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Associated Banc worth $2,116,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ASB. Russell Investments Group Ltd. lifted its position in shares of Associated Banc by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 42,157 shares of the bank’s stock worth $1,062,000 after buying an additional 19,461 shares in the last quarter. World Asset Management Inc lifted its position in shares of Associated Banc by 2.5% in the second quarter. World Asset Management Inc now owns 9,629 shares of the bank’s stock worth $243,000 after buying an additional 236 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Associated Banc by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 808,521 shares of the bank’s stock worth $20,375,000 after buying an additional 41,053 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Associated Banc by 1.7% in the second quarter. Arizona State Retirement System now owns 64,200 shares of the bank’s stock worth $1,618,000 after buying an additional 1,100 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Associated Banc by 16.8% in the second quarter. First Trust Advisors LP now owns 326,216 shares of the bank’s stock worth $8,221,000 after buying an additional 46,946 shares in the last quarter. Institutional investors own 77.45% of the company’s stock.
A number of equities research analysts recently commented on ASB shares. Zacks Investment Research downgraded Associated Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks set a $26.00 target price on Associated Banc and gave the stock a “hold” rating in a research report on Saturday, October 21st. Robert W. Baird reiterated a “hold” rating and issued a $25.00 target price on shares of Associated Banc in a research report on Sunday, October 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 target price on shares of Associated Banc in a research report on Tuesday, August 22nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $28.00 target price on shares of Associated Banc in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.20.
Shares of Associated Banc-Corp (NYSE:ASB) opened at $25.35 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 0.90. Associated Banc-Corp has a 52 week low of $20.95 and a 52 week high of $26.70. The firm has a market capitalization of $3,832.03, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.19.
Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The company had revenue of $276.02 million for the quarter, compared to analysts’ expectations of $276.88 million. During the same period in the previous year, the firm posted $0.31 earnings per share. equities analysts predict that Associated Banc-Corp will post 1.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.3828 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.53 annualized dividend and a yield of 6.04%. Associated Banc’s payout ratio is currently 38.36%.
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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.
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