New York State Teachers Retirement System Has $4.70 Million Position in Associated Banc-Corp (NYSE:ASB)

New York State Teachers Retirement System lowered its position in shares of Associated Banc-Corp (NYSE:ASB - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,515 shares of the bank's stock after selling 10,100 shares during the period. New York State Teachers Retirement System owned 0.13% of Associated Banc worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Associated Banc by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the bank's stock valued at $112,000 after purchasing an additional 455 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Associated Banc by 2.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,461 shares of the bank's stock valued at $419,000 after purchasing an additional 525 shares during the period. UMB Bank n.a. raised its stake in Associated Banc by 4.4% during the 4th quarter. UMB Bank n.a. now owns 16,182 shares of the bank's stock worth $387,000 after buying an additional 677 shares during the period. Harbour Investments Inc. raised its stake in Associated Banc by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 38,674 shares of the bank's stock worth $833,000 after buying an additional 785 shares during the period. Finally, Greenleaf Trust raised its stake in Associated Banc by 7.9% during the 3rd quarter. Greenleaf Trust now owns 11,596 shares of the bank's stock worth $250,000 after buying an additional 853 shares during the period. Institutional investors own 82.98% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ASB shares. StockNews.com lowered Associated Banc from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Piper Sandler increased their target price on Associated Banc from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on Associated Banc from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price objective on Associated Banc from $29.00 to $30.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada raised their target price on Associated Banc from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, Associated Banc currently has an average rating of "Hold" and a consensus price target of $27.00.

Insider Buying and Selling

In other news, Director John B. Williams sold 2,830 shares of Associated Banc 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 sale, the director now owns 66,915 shares in the company, valued at $1,678,897.35. This trade represents 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 this link. 1.45% of the stock is currently owned by corporate insiders.

Associated Banc Trading Down 2.9 %

Associated Banc stock traded down $0.74 during midday trading on Friday, reaching $24.37. The stock had a trading volume of 1,725,788 shares, compared to its average volume of 1,548,917. 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 52-week low of $19.76 and a 52-week high of $28.18. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 1.58 and a beta of 0.94. The company has a fifty day moving average of $24.70 and a 200 day moving average of $23.72.

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, beating 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 2.43 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.78%. Associated Banc's dividend payout ratio (DPR) is presently 116.46%.

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.