Brandywine Global Investment Management LLC lessened its holdings in shares of Associated Banc Corp (NYSE:ASB) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,592 shares of the bank’s stock after selling 53,668 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.27% of Associated Banc worth $11,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of ASB. Landaas & Co. WI ADV raised its holdings in shares of Associated Banc by 98.8% during the fourth quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock worth $107,000 after purchasing an additional 2,091 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Associated Banc during the third quarter worth $157,000. Savant Capital LLC purchased a new position in shares of Associated Banc during the fourth quarter worth $202,000. JOYN Advisors Inc. purchased a new position in shares of Associated Banc during the fourth quarter worth $209,000. Finally, WoodTrust Financial Corp purchased a new position in shares of Associated Banc during the fourth quarter worth $212,000. 77.92% of the stock is owned by hedge funds and other institutional investors.
In other news, insider David L. Stein sold 15,400 shares of Associated Banc stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $25.40, for a total value of $391,160.00. Following the sale, the insider now owns 36,685 shares in the company, valued at $931,799. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Piotrowski sold 10,726 shares of Associated Banc stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $24.75, for a total transaction of $265,468.50. Following the completion of the sale, the insider now owns 24,209 shares in the company, valued at approximately $599,172.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,595 shares of company stock worth $2,659,922. Company insiders own 1.80% of the company’s stock.
Shares of Associated Banc Corp (NYSE:ASB) opened at $26.90 on Tuesday. The company has a market cap of $4,600.00, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.14 and a beta of 1.03. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. Associated Banc Corp has a 52-week low of $20.95 and a 52-week high of $27.10.
Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The firm had revenue of $272.00 million for the quarter, compared to analyst estimates of $281.38 million. Associated Banc had a net margin of 18.80% and a return on equity of 8.05%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. equities analysts expect that Associated Banc Corp will post 1.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.15 dividend. This is a positive change from Associated Banc’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.23%. Associated Banc’s dividend payout ratio (DPR) is 39.74%.
Associated Banc Company Profile
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.
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