Associated Banc-Corp (NYSE:ASB – Get Free Report) EVP Matthew Braeger sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $28.17, for a total value of $140,850.00. Following the sale, the executive vice president owned 11,777 shares in the company, valued at approximately $331,758.09. The trade was a 29.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Associated Banc Stock Up 1.6%
Shares of NYSE:ASB traded up $0.45 during mid-day trading on Wednesday, hitting $28.84. 551,430 shares of the company traded hands, compared to its average volume of 2,228,736. The firm’s 50 day simple moving average is $27.58 and its 200 day simple moving average is $26.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $5.44 billion, a P/E ratio of 10.02, a PEG ratio of 1.61 and a beta of 0.77. Associated Banc-Corp has a 52-week low of $22.48 and a 52-week high of $29.51.
Associated Banc (NYSE:ASB – Get Free Report) last announced its earnings results on Thursday, April 23rd. The bank reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Associated Banc had a return on equity of 10.46% and a net margin of 19.88%.The business had revenue of $387.21 million for the quarter, compared to analyst estimates of $384.20 million. During the same period in the previous year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Associated Banc-Corp will post 2.92 EPS for the current year.
Associated Banc Announces Dividend
Hedge Funds Weigh In On Associated Banc
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Associated Banc by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 984,537 shares of the bank’s stock worth $25,312,000 after acquiring an additional 194,307 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in Associated Banc by 7.2% in the third quarter. Heartland Advisors Inc. now owns 877,828 shares of the bank’s stock worth $22,569,000 after acquiring an additional 59,184 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Associated Banc by 50.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 125,433 shares of the bank’s stock worth $3,225,000 after acquiring an additional 42,133 shares during the last quarter. First Trust Advisors LP lifted its holdings in Associated Banc by 679.4% in the third quarter. First Trust Advisors LP now owns 2,223,694 shares of the bank’s stock worth $57,171,000 after acquiring an additional 1,938,393 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Associated Banc by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 18,538,157 shares of the bank’s stock worth $477,543,000 after acquiring an additional 545,185 shares during the last quarter. Institutional investors own 82.98% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Zacks Research lowered Associated Banc from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen lowered Associated Banc from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Truist Financial lifted their target price on Associated Banc from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $31.00 target price on shares of Associated Banc in a research report on Monday, April 27th. Finally, Robert W. Baird lifted their target price on Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc has a consensus rating of “Moderate Buy” and an average price target of $30.30.
Check Out Our Latest Analysis on Associated Banc
Associated Banc Company Profile
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 Stories
- Five stocks we like better than Associated Banc
- An Analyst Just Raised Tesla’s Price Target by 227%—Here’s Why
- AST SpaceMobile’s SpaceX Catalyst Could Come With a Volatility Warning
- GameStop’s $2 Billion Buyback Sends a Confusing Signal to Investors
- FuelCell Energy Just Got a Wake-Up Call From Wall Street
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.
