Associated Banc-Corp (NYSE:ASB) CFO Moral-Niles Christopher Del sold 1,476 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.00, for a total value of $38,376.00. Following the completion of the transaction, the chief financial officer now owns 81,784 shares in the company, valued at $2,126,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Moral-Niles Christopher Del also recently made the following trade(s):

  • On Tuesday, November 21st, Moral-Niles Christopher Del sold 11,999 shares of Associated Banc stock. The shares were sold at an average price of $24.72, for a total value of $296,615.28.

Shares of Associated Banc-Corp (NYSE:ASB) traded down $0.55 during mid-day trading on Wednesday, hitting $25.25. The stock had a trading volume of 1,070,200 shares, compared to its average volume of 900,771. Associated Banc-Corp has a 1 year low of $20.95 and a 1 year high of $26.70. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $3,810.00, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.19.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Associated Banc had a return on equity of 7.81% and a net margin of 19.54%. The firm had revenue of $276.02 million for the quarter, compared to analysts’ expectations of $276.88 million. During the same period in the previous year, the firm posted $0.31 earnings per share. research analysts forecast that Associated Banc-Corp will post 1.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.3828 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.53 annualized dividend and a dividend yield of 6.06%. Associated Banc’s dividend payout ratio (DPR) is 38.62%.

Several hedge funds have recently modified their holdings of ASB. Morgan Dempsey Capital Management LLC increased its holdings in shares of Associated Banc by 40.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock worth $140,000 after purchasing an additional 1,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Associated Banc by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after acquiring an additional 549 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Associated Banc during the third quarter worth approximately $157,000. Meeder Asset Management Inc. increased its stake in Associated Banc by 393.4% during the third quarter. Meeder Asset Management Inc. now owns 7,322 shares of the bank’s stock worth $178,000 after acquiring an additional 5,838 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in Associated Banc by 73.4% during the second quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after acquiring an additional 3,360 shares during the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

ASB has been the topic of several research analyst reports. Zacks Investment Research downgraded Associated Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks set a $26.00 price objective on Associated Banc and gave the company a “hold” rating in a research report on Saturday, October 21st. Robert W. Baird restated a “hold” rating and issued a $25.00 price objective on shares of Associated Banc in a research report on Sunday, October 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price objective on shares of Associated Banc in a research report on Tuesday, August 22nd. Finally, BidaskClub downgraded Associated Banc from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Associated Banc presently has an average rating of “Hold” and an average price target of $25.91.

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About Associated Banc

Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

Insider Buying and Selling by Quarter for Associated Banc (NYSE:ASB)

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