Louisiana State Employees Retirement System Buys New Shares in Associated Banc-Corp $ASB

Posted by Geri Gentry on Jul 4th, 2026

Louisiana State Employees Retirement System purchased a new stake in shares of Associated Banc-Corp (NYSE:ASB – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,400 shares of the bank’s stock, valued at approximately $1,226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $2,198,000 after buying an additional 5,531 shares during the period. Millennium Management LLC grew its stake in shares of Associated Banc by 90.4% during the 1st quarter. Millennium Management LLC now owns 287,890 shares of the bank’s stock valued at $6,486,000 after acquiring an additional 136,648 shares during the period. Goldman Sachs Group Inc. increased 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 acquiring an additional 1,598,951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 acquiring an additional 60,758 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Associated Banc during the 2nd quarter worth approximately $328,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Insider Activity at Associated Banc

In related news, EVP Dennis Deloye sold 14,299 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $28.26, for a total transaction of $404,089.74. Following the completion of the transaction, the executive vice president owned 21,385 shares in the company, valued at approximately $604,340.10. This represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew R. Braeger sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $28.17, for a total transaction of $140,850.00. Following the transaction, the executive vice president directly owned 11,777 shares of the company’s stock, valued at $331,758.09. The trade was a 29.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,299 shares of company stock worth $801,760 over the last ninety days. 0.71% of the stock is owned by corporate insiders.

Associated Banc Stock Down 0.0%

Shares of ASB opened at $30.63 on Friday. The business’s 50 day moving average is $28.63 and its 200 day moving average is $27.35. The company has a market capitalization of $5.78 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Associated Banc-Corp has a 12-month low of $23.63 and a 12-month high of $31.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.84.

Associated Banc (NYSE:ASB – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.70 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 company had revenue of $387.21 million for the quarter, compared to analysts’ expectations of $384.20 million. During the same period in the previous year, the firm earned $0.59 EPS. Research analysts expect that Associated Banc-Corp will post 2.92 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Associated Banc’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASB shares. Zacks Research downgraded shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company increased their price objective on shares of Associated Banc from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Raymond James Financial raised their price objective on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upgraded shares of Associated Banc from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $30.00 to $33.00 in a research note on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Associated Banc from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.70.

Read Our Latest Report on Associated Banc

Associated Banc Company Profile

(Free Report)

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.