111 Capital Takes Position in Associated Banc-Corp $ASB

111 Capital purchased a new position in shares of Associated Banc-Corp (NYSE:ASB) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 26,419 shares of the bank’s stock, valued at approximately $681,000.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Associated Banc by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 984,537 shares of the bank’s stock valued at $25,312,000 after acquiring an additional 194,307 shares in the last quarter. Heartland Advisors Inc. raised its stake in Associated Banc by 7.2% in the 3rd quarter. Heartland Advisors Inc. now owns 877,828 shares of the bank’s stock worth $22,569,000 after purchasing an additional 59,184 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Associated Banc by 50.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 125,433 shares of the bank’s stock worth $3,225,000 after purchasing an additional 42,133 shares in the last quarter. First Trust Advisors LP boosted its holdings in Associated Banc by 679.4% in the 3rd quarter. First Trust Advisors LP now owns 2,223,694 shares of the bank’s stock valued at $57,171,000 after purchasing an additional 1,938,393 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Associated Banc by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 18,538,157 shares of the bank’s stock valued at $477,543,000 after purchasing an additional 545,185 shares during the period. 82.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ASB has been the topic of several analyst reports. Stephens raised Associated Banc from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $30.00 to $29.00 in a report on Friday, March 27th. Wells Fargo & Company boosted their price objective on shares of Associated Banc from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Wall Street Zen cut Associated Banc from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Robert W. Baird raised their target price on Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Raymond James Financial reissued an “outperform” rating and set a $31.00 price target on shares of Associated Banc in a report on Monday, April 27th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Associated Banc has a consensus rating of “Moderate Buy” and a consensus target price of $30.30.

Insider Transactions at Associated Banc

In other news, Director John B. Williams sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $28.18, for a total transaction of $112,720.00. Following the sale, the director directly owned 67,420 shares in the company, valued at approximately $1,899,895.60. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dennis Deloye sold 14,299 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $28.26, for a total value of $404,089.74. Following the completion of the transaction, the executive vice president directly owned 21,385 shares of the company’s stock, valued at $604,340.10. This represents a 40.07% decrease in their position. The SEC filing for this sale provides additional information. 0.71% of the stock is owned by corporate insiders.

Associated Banc Price Performance

Shares of NYSE:ASB opened at $27.76 on Friday. Associated Banc-Corp has a one year low of $22.48 and a one year high of $29.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.60 and a beta of 0.77. The firm has a 50 day simple moving average of $27.46 and a 200 day simple moving average of $26.81.

Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, April 23rd. The bank reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Associated Banc had a net margin of 19.88% and a return on equity of 10.46%. The firm had revenue of $387.21 million for the quarter, compared to analysts’ expectations of $384.20 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Research analysts predict that Associated Banc-Corp will post 2.92 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.5%. Associated Banc’s payout ratio is currently 33.33%.

Associated Banc Company Profile

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.