Associated Banc-Corp (ASB) Insider Sells $200320.00 in Stock

Esequiel Farfan
Enero 14, 2018

Six analysts have made estimates for Associated Banc's earnings, with the lowest sales estimate coming in at $273.98 million and the highest estimate coming in at $284.90 million. Associated Banc-Corp now has an average rating of "Hold" and an average target price of $23.50. For the next year, analysts forecast that the business will report earnings of $1.60 per share, with EPS estimates ranging from $1.55 to $1.67. Zacks' earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Associated Banc.

Associated Banc-Corp (NYSE:ASB) has risen 34.85% since January 12, 2017 and is uptrending. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million.

Associated Banc holds 3.6% of its portfolio in Associated Banc-Corp for 2.69 million shares. During the same quarter in the prior year, the business posted $0.31 EPS. equities analysts expect that Associated Banc Corp will post 1.49 earnings per share for the current year. Morgan Stanley boosted their price target on shares of Associated Banc from $25.50 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 13th. Finally, Jefferies Group reissued a "hold" rating and issued a $28.00 price target on shares of Associated Banc in a research note on Thursday, October 12th. Zacks Investment Research lowered Associated Banc from a "buy" rating to a "hold" rating in a research note on Wednesday, November 1st. Barclays raised their price target 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.

A number of equities analysts have commented on the stock. The company has an average rating of "Hold" and a consensus price target of $26.20. 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 of the company's stock, valued at approximately $2,126,384. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The stock of Associated Banc-Corp (NYSE:ASB) has "Neutral" rating given on Wednesday, September 6 by DA Davidson. The shares were sold at an average price of $26.00, for a total transaction of $414,596.00. The disclosure for this sale can be found here. Insiders sold a total of 61,426 shares of company stock valued at $1,558,805 in the last ninety days.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Associated Banc by 47.2% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,674,521 shares of the bank's stock valued at $89,107,000 after purchasing an additional 1,409,435 shares in the last quarter. Invesco Limited invested 0% in Associated Banc-Corp (NYSE:ASB). Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank's stock valued at $149,000 after buying an additional 549 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of Associated Banc by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,322 shares of the bank's stock worth $178,000 after purchasing an additional 5,838 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Associated Banc in the 3rd quarter valued at $677,000. Riverhead Capital Management LLC now owns 8,854 shares of the bank's stock worth $223,000 after buying an additional 3,754 shares during the last quarter.

Shares of Associated Banc Corp (NYSE:ASB) have earned an average rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. The company's stock had a trading volume of 702,509 shares, compared to its average volume of 910,747. 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 firm has a market cap of $4,013.43, a PE ratio of 18.18, a P/E/G ratio of 2.17 and a beta of 1.19. Associated Banc-Corp has a 1-year low of $15.72 and a 1-year high of $26.00.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.3828 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Thursday, November 30th. Associated Banc's dividend payout ratio is now 38.36%.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another website, it was stolen and reposted in violation of United States & worldwide trademark and copyright law. 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's Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.

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