Associated Banc Corp (NYSE:ASB) insider John A. Utz sold 450 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $26.00, for a total transaction of $11,700.00. Following the completion of the transaction, the insider now directly owns 39,812 shares in the company, valued at $1,035,112. The sale was disclosed in a document filed with the SEC.
Associated Banc Corp (NYSE:ASB) traded down $0.15 during trading hours on Friday, hitting $25.20. 1,507,858 shares of the company were exchanged, compared to its average volume of 709,282. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $3,832.03, a PE ratio of 17.62, a P/E/G ratio of 2.07 and a beta of 1.19. Associated Banc Corp has a 1 year low of $20.95 and a 1 year high of $26.70.
Associated Banc (NYSE:ASB) last issued 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). Associated Banc had a net margin of 18.80% and a return on equity of 8.09%. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $281.38 million. During the same period in the prior year, the business earned $0.34 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts predict that Associated Banc Corp will post 1.75 earnings per share for the current year.
A number of research firms have commented on ASB. SunTrust Banks set a $26.00 price objective on shares of Associated Banc and gave the company a “hold” rating in a report on Saturday, October 21st. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price objective on shares of Associated Banc in a report on Tuesday, January 9th. Barclays increased their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Associated Banc from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised their price target on shares of Associated Banc from $25.50 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.60.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in Associated Banc by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,840,826 shares of the bank’s stock valued at $46,389,000 after buying an additional 38,996 shares during the period. Vanguard Group Inc. boosted its position in Associated Banc by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,739,124 shares of the bank’s stock valued at $321,025,000 after buying an additional 248,381 shares during the period. California Public Employees Retirement System boosted its position in Associated Banc by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 409,934 shares of the bank’s stock valued at $9,941,000 after buying an additional 6,249 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Associated Banc in the 3rd quarter valued at approximately $677,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Associated Banc by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 808,521 shares of the bank’s stock valued at $20,375,000 after buying an additional 41,053 shares during the period. 77.41% of the stock is owned by institutional investors.