N.E.W. Advisory Services LLC Sells 10,177 Shares of Associated Banc-Corp (NYSE:ASB)

N.E.W. Advisory Services LLC decreased its position in Associated Banc-Corp (NYSE:ASB - Free Report) by 43.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,124 shares of the bank's stock after selling 10,177 shares during the quarter. N.E.W. Advisory Services LLC's holdings in Associated Banc were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Associated Banc by 10.7% during the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the bank's stock valued at $112,000 after acquiring an additional 455 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Associated Banc by 2.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,461 shares of the bank's stock valued at $419,000 after buying an additional 525 shares during the last quarter. Truist Financial Corp raised its stake in Associated Banc by 2.4% during the second quarter. Truist Financial Corp now owns 27,082 shares of the bank's stock valued at $573,000 after buying an additional 636 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Associated Banc by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 50,680 shares of the bank's stock worth $1,072,000 after purchasing an additional 656 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Associated Banc by 4.4% during the fourth quarter. UMB Bank n.a. now owns 16,182 shares of the bank's stock worth $387,000 after acquiring an additional 677 shares during the period. Hedge funds and other institutional investors own 82.98% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Associated Banc from $29.00 to $30.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Stephens reissued an "equal weight" rating and issued a $28.00 price target on shares of Associated Banc in a report on Friday, January 24th. Wells Fargo & Company lifted their price target on Associated Banc from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Monday, January 27th. Royal Bank of Canada boosted 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. Finally, Piper Sandler upped their target price on Associated Banc from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, Associated Banc presently has a consensus rating of "Hold" and an average target price of $27.00.

Associated Banc Price Performance

NYSE:ASB traded up $0.33 during trading hours on Wednesday, hitting $25.12. The company's stock had a trading volume of 387,342 shares, compared to its average volume of 1,629,792. 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 capitalization of $3.80 billion, a P/E ratio of 31.78, a PEG ratio of 1.60 and a beta of 0.94. Associated Banc-Corp has a twelve month low of $19.40 and a twelve month high of $28.18. The stock has a fifty day simple moving average of $24.95 and a 200-day simple moving average of $23.55.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. On average, analysts anticipate that Associated Banc-Corp will post 2.37 EPS for the current fiscal year.

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.66%. 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.