Associated Banc-Corp (NYSE:ASB – Get Free Report) EVP Nicole Kitowski sold 7,663 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.91, for a total value of $236,863.33. Following the completion of the sale, the executive vice president directly owned 45,327 shares of the company’s stock, valued at approximately $1,401,057.57. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Associated Banc Trading Up 0.4%
Shares of ASB stock opened at $30.88 on Friday. The business has a 50-day moving average of $29.75 and a 200 day moving average of $27.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. Associated Banc-Corp has a 1-year low of $23.63 and a 1-year high of $31.83. The stock has a market capitalization of $5.82 billion, a PE ratio of 10.80, a P/E/G ratio of 1.05 and a beta of 0.76.
Associated Banc (NYSE:ASB – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $450.44 million for the quarter, compared to analysts’ expectations of $438.01 million. Associated Banc had a return on equity of 10.64% and a net margin of 19.66%.During the same period in the previous year, the firm earned $0.65 EPS. As a group, sell-side analysts anticipate that Associated Banc-Corp will post 2.9 earnings per share for the current year.
Associated Banc Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ASB shares. Wall Street Zen lowered shares of Associated Banc from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Associated Banc in a report on Wednesday, June 24th. Barclays boosted their price objective on shares of Associated Banc from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Raymond James Financial upped their price objective on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Truist Financial increased their target price on shares of Associated Banc from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.
Read Our Latest Report on Associated Banc
Institutional Trading of Associated Banc
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Associated Banc by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,570 shares of the bank’s stock valued at $2,198,000 after acquiring an additional 5,531 shares in the last quarter. Millennium Management LLC raised its holdings in Associated Banc by 90.4% in the 1st quarter. Millennium Management LLC now owns 287,890 shares of the bank’s stock worth $6,486,000 after purchasing an additional 136,648 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Associated Banc by 139.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock worth $61,927,000 after purchasing an additional 1,598,951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Associated Banc by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 496,392 shares of the bank’s stock worth $11,184,000 after purchasing an additional 60,758 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Associated Banc in the 2nd quarter worth about $328,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.
About Associated Banc
Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.
On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.
Featured Articles
- Five stocks we like better than Associated Banc
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.
