Hillsdale Investment Management Inc. Purchases Shares of 162,580 Associated Banc-Corp (NYSE:ASB)

Hillsdale Investment Management Inc. purchased a new stake in shares of Associated Banc-Corp (NYSE:ASB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 162,580 shares of the bank's stock, valued at approximately $3,886,000. Hillsdale Investment Management Inc. owned about 0.11% of Associated Banc at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ASB. Virtu Financial LLC acquired a new stake in Associated Banc in the fourth quarter valued at approximately $267,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Associated Banc by 8.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,539 shares of the bank's stock valued at $849,000 after purchasing an additional 2,806 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Associated Banc in the 4th quarter valued at $794,000. Xponance Inc. boosted its holdings in Associated Banc by 12.9% in the fourth quarter. Xponance Inc. now owns 22,864 shares of the bank's stock worth $546,000 after purchasing an additional 2,604 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Associated Banc by 85.2% during the fourth quarter. Intech Investment Management LLC now owns 79,073 shares of the bank's stock worth $1,890,000 after buying an additional 36,376 shares during the last quarter. Institutional investors own 82.98% of the company's stock.

Associated Banc Price Performance

Shares of Associated Banc stock traded down $0.13 during trading on Thursday, hitting $22.75. 1,108,080 shares of the company's stock traded hands, compared to its average volume of 1,390,853. Associated Banc-Corp has a twelve month low of $19.76 and a twelve month high of $28.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86. The company has a market cap of $3.77 billion, a PE ratio of 28.79, a PEG ratio of 1.52 and a beta of 0.90. The firm's fifty day moving average price is $24.12 and its 200 day moving average price is $23.99.

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Associated Banc (NYSE:ASB - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. Analysts forecast that Associated Banc-Corp will post 2.43 earnings per share for the current year.

Associated Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, March 3rd. Associated Banc's payout ratio is presently 116.46%.

Insider Activity

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of Associated Banc stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the sale, the director now owns 49,495 shares of the company's stock, valued at approximately $1,223,021.45. The trade was a 12.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Williams sold 2,830 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $25.09, for a total value of $71,004.70. Following the completion of the sale, the director now owns 66,915 shares of the company's stock, valued at $1,678,897.35. This represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ASB has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on Associated Banc from $29.00 to $30.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Raymond James reduced their price objective on shares of Associated Banc from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Stephens reiterated an "equal weight" rating and issued a $28.00 target price on shares of Associated Banc in a research note on Tuesday. Finally, StockNews.com lowered shares of Associated Banc from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.11.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.