Associated Banc Corp (NYSE:ASB) insider Tammy C. Stadler sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $22.25, for a total transaction of $77,875.00. Following the completion of the transaction, the insider now directly owns 30,589 shares in the company, valued at $680,605.25. The sale was disclosed in a document filed with the SEC, which is available at this link.

ASB traded down $0.25 during trading on Friday, reaching $22.37. The company’s stock had a trading volume of 42,704 shares, compared to its average volume of 1,377,471. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.93 and a quick ratio of 0.93. Associated Banc Corp has a 1 year low of $18.53 and a 1 year high of $29.02. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

Associated Banc (NYSE:ASB) last released its earnings results on Thursday, January 24th. The bank reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Associated Banc had a net margin of 22.09% and a return on equity of 9.79%. The business had revenue of $308.00 million for the quarter, compared to analyst estimates of $311.13 million. During the same period last year, the company posted $0.31 EPS. On average, equities analysts anticipate that Associated Banc Corp will post 2.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, February 28th. Associated Banc’s dividend payout ratio (DPR) is 33.50%.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Associated Banc to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, January 25th. Barclays reaffirmed a “hold” rating and issued a $25.00 price target on shares of Associated Banc in a research note on Friday, January 11th. Bank of America lowered shares of Associated Banc from a “neutral” rating to an “underperform” rating and set a $21.00 price target on the stock. in a research note on Thursday, January 10th. Jefferies Financial Group raised shares of Associated Banc from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, January 8th. Finally, Raymond James lowered shares of Associated Banc from a “mkt perform” rating to an “underperform” rating in a research note on Monday, January 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.60.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASB. Legacy Private Trust Co. lifted its stake in Associated Banc by 25.6% in the 3rd quarter. Legacy Private Trust Co. now owns 392,381 shares of the bank’s stock worth $10,202,000 after purchasing an additional 80,038 shares in the last quarter. First Hawaiian Bank purchased a new position in Associated Banc in the 3rd quarter worth approximately $612,000. Gateway Investment Advisers LLC lifted its stake in Associated Banc by 5.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 360,202 shares of the bank’s stock worth $9,365,000 after purchasing an additional 19,000 shares in the last quarter. WoodTrust Financial Corp raised its position in shares of Associated Banc by 78.2% during the 3rd quarter. WoodTrust Financial Corp now owns 14,892 shares of the bank’s stock valued at $388,000 after buying an additional 6,537 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Associated Banc by 0.3% during the 3rd quarter. Foundry Partners LLC now owns 725,849 shares of the bank’s stock valued at $18,872,000 after buying an additional 2,042 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

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Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.

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