62,288 Shares in Associated Banc-Corp (NYSE:ASB) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in shares of Associated Banc-Corp (NYSE:ASB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 62,288 shares of the bank's stock, valued at approximately $1,489,000.

A number of other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Associated Banc by 49.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank's stock worth $42,000 after buying an additional 579 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Associated Banc in the 3rd quarter worth $39,000. Crews Bank & Trust acquired a new position in shares of Associated Banc in the 4th quarter worth $56,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Associated Banc during the fourth quarter worth $64,000. Finally, R Squared Ltd purchased a new stake in shares of Associated Banc during the fourth quarter valued at $67,000. 82.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASB. Robert W. Baird dropped their price target on Associated Banc from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. StockNews.com downgraded shares of Associated Banc from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada increased their target price on Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Associated Banc has an average rating of "Hold" and a consensus target price of $27.11.

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Insider Buying and Selling

In related news, Director John B. Williams sold 2,830 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was 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 directly owns 66,915 shares in the company, valued at approximately $1,678,897.35. The trade was a 4.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eileen A. Kamerick sold 7,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total value of $172,970.00. Following the sale, the director now directly owns 49,495 shares of the company's stock, valued at $1,223,021.45. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Associated Banc Stock Down 1.8 %

Shares of ASB traded down $0.39 during midday trading on Tuesday, reaching $21.07. 2,361,405 shares of the stock were exchanged, compared to its average volume of 1,371,690. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.61. Associated Banc-Corp has a 12-month low of $19.76 and a 12-month high of $28.18. The firm has a 50 day simple moving average of $24.58 and a 200-day simple moving average of $24.01.

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

Associated Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Monday, March 3rd. Associated Banc's payout ratio is presently 116.46%.

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.