Eileen A. Kamerick Sells 7,000 Shares of Associated Banc-Corp (NYSE:ASB) Stock

Associated Banc-Corp (NYSE:ASB - Get Free Report) Director Eileen A. Kamerick sold 7,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the transaction, the director now directly owns 49,495 shares in the company, valued at $1,223,021.45. The trade was a 12.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Associated Banc Price Performance

Shares of ASB traded down $0.11 during trading hours on Wednesday, reaching $23.37. 1,226,391 shares of the company's stock traded hands, compared to its average volume of 1,367,725. The firm's 50 day simple moving average is $24.66 and its 200-day simple moving average is $23.98. The stock has a market cap of $3.89 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Associated Banc-Corp has a 12 month low of $19.76 and a 12 month high of $28.18. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

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

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.23 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.94%. Associated Banc's payout ratio is 116.46%.

Analysts Set New Price Targets

ASB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Associated Banc from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Monday, January 27th. StockNews.com lowered Associated Banc from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Robert W. Baird lowered their price target on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler lifted their price objective on shares of Associated Banc from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASB. Hancock Whitney Corp boosted its holdings in shares of Associated Banc by 0.7% during the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank's stock worth $1,386,000 after purchasing an additional 401 shares during the period. NewEdge Advisors LLC raised its position in Associated Banc by 13.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank's stock valued at $84,000 after purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Associated Banc by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the bank's stock worth $112,000 after buying an additional 455 shares during the period. US Bancorp DE increased its stake in shares of Associated Banc by 0.6% during the fourth quarter. US Bancorp DE now owns 80,294 shares of the bank's stock valued at $1,919,000 after buying an additional 494 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Associated Banc by 2.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,461 shares of the bank's stock valued at $419,000 after acquiring an additional 525 shares in the last quarter. 82.98% of the stock is currently owned by institutional investors.

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.