LSV Asset Management Sells 32,500 Shares of Associated Banc-Corp (NYSE:ASB)

LSV Asset Management lessened its holdings in shares of Associated Banc-Corp (NYSE:ASB - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,173,662 shares of the bank's stock after selling 32,500 shares during the period. LSV Asset Management owned about 2.76% of Associated Banc worth $99,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Associated Banc by 49.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank's stock valued at $42,000 after acquiring an additional 579 shares in the last quarter. Crews Bank & Trust bought a new position in Associated Banc in the fourth quarter worth about $56,000. Sugar Maple Asset Management LLC purchased a new stake in Associated Banc in the fourth quarter worth about $64,000. R Squared Ltd purchased a new position in shares of Associated Banc during the 4th quarter worth approximately $67,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Associated Banc by 18.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,592 shares of the bank's stock valued at $86,000 after purchasing an additional 572 shares during the period. Hedge funds and other institutional investors own 82.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ASB shares. Stephens reissued an "equal weight" rating and set a $28.00 price objective on shares of Associated Banc in a research report on Tuesday, March 25th. Wells Fargo & Company raised Associated Banc from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $27.00 to $26.00 in a research note on Wednesday, April 9th. Barclays dropped their price target on shares of Associated Banc from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of Associated Banc from $29.00 to $30.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Finally, Raymond James reduced their price target on shares of Associated Banc from $30.00 to $28.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.67.

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Associated Banc Stock Performance

Associated Banc stock traded up $0.33 during mid-day trading on Tuesday, reaching $19.82. 965,186 shares of the stock traded hands, compared to its average volume of 1,491,198. Associated Banc-Corp has a 12-month low of $18.32 and a 12-month high of $28.18. The business's 50-day moving average is $22.76 and its 200-day moving average is $23.91. 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 stock has a market capitalization of $3.28 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.78.

Associated Banc (NYSE:ASB - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 earnings per share 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%. As a group, sell-side analysts predict that Associated Banc-Corp will post 2.43 EPS for the current fiscal year.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.23 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 4.64%. Associated Banc's dividend payout ratio (DPR) is 116.46%.

Insider Buying and Selling

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

Associated Banc 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.