SVA Plumb Wealth Management LLC held its position in shares of Associated Banc-Corp (NYSE:ASB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,044 shares of the bank’s stock at the end of the 2nd quarter. SVA Plumb Wealth Management LLC’s holdings in Associated Banc-Corp were worth $329,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Associated Banc-Corp by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 12,490,743 shares of the bank’s stock valued at $304,775,000 after acquiring an additional 707,633 shares during the last quarter. State Street Corp boosted its holdings in shares of Associated Banc-Corp by 10.4% in the 1st quarter. State Street Corp now owns 6,785,200 shares of the bank’s stock valued at $165,559,000 after acquiring an additional 641,800 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Associated Banc-Corp by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 5,176,832 shares of the bank’s stock valued at $126,315,000 after acquiring an additional 228,539 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Associated Banc-Corp by 4.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,193,941 shares of the bank’s stock valued at $105,687,000 after acquiring an additional 163,081 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Associated Banc-Corp by 43.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,723,047 shares of the bank’s stock valued at $90,843,000 after acquiring an additional 1,118,865 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently commented on ASB shares. Zacks Investment Research raised shares of Associated Banc-Corp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Wednesday, June 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 price objective (up from $24.00) on shares of Associated Banc-Corp in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Associated Banc-Corp in a report on Sunday, June 11th. Piper Jaffray Companies set a $25.00 price objective on shares of Associated Banc-Corp and gave the company a “hold” rating in a report on Saturday, July 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Associated Banc-Corp in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.25.

Shares of Associated Banc-Corp (ASB) traded up 1.007% during mid-day trading on Wednesday, reaching $22.575. 175,097 shares of the company were exchanged. The stock has a 50 day moving average price of $22.55 and a 200-day moving average price of $24.16. Associated Banc-Corp has a 12 month low of $18.85 and a 12 month high of $26.70. The stock has a market capitalization of $3.42 billion, a P/E ratio of 16.241 and a beta of 1.17.

Associated Banc-Corp (NYSE:ASB) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. The firm had revenue of $266.23 million for the quarter, compared to analyst estimates of $273.29 million. During the same period last year, the firm posted $0.31 EPS. Analysts predict that Associated Banc-Corp will post $1.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.12 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 2.15%. Associated Banc-Corp’s dividend payout ratio (DPR) is 34.53%.

In other Associated Banc-Corp news, insider Christopher C. Piotrowski sold 16,218 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $23.55, for a total transaction of $381,933.90. Following the sale, the insider now directly owns 30,479 shares in the company, valued at approximately $717,780.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John A. Utz sold 8,054 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $23.62, for a total transaction of $190,235.48. Following the sale, the insider now owns 44,405 shares in the company, valued at $1,048,846.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,772 shares of company stock worth $914,334. 1.80% of the stock is currently owned by insiders.

Associated Banc-Corp 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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Institutional Ownership by Quarter for Associated Banc-Corp (NYSE:ASB)

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