Insider Selling: Judith M. Docter Sells 14,000 Shares of Associated Banc-Corp Stock (ASBC)
Associated Banc-Corp (NASDAQ:ASBC) EVP Judith M. Docter sold 14,000 shares of Associated Banc-Corp stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $17.00, for a total transaction of $238,000.00. Following the transaction, the executive vice president now directly owns 69,902 shares of the company’s stock, valued at approximately $1,188,334. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Associated Banc-Corp (NASDAQ:ASBC) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. During the same quarter last year, the company posted $0.26 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of 0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.12%.
A number of analysts have recently weighed in on ASBC shares. Analysts at Credit Suisse raised their price target on shares of Associated Banc-Corp from $15.00 to $17.00 in a research note to investors on Friday, January 17th. Analysts at Zacks reiterated a “neutral” rating on shares of Associated Banc-Corp in a research note to investors on Thursday, January 2nd. They now have a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.09.
Associated Banc-Corp (NASDAQ:ASBC) is a bank holding company.
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