Nisa Investment Advisors LLC Has $212,000 Stock Holdings in Associated Banc-Corp (NYSE:ASB)

Nisa Investment Advisors LLC trimmed its holdings in Associated Banc-Corp (NYSE:ASB - Free Report) by 54.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,853 shares of the bank's stock after selling 10,676 shares during the period. Nisa Investment Advisors LLC's holdings in Associated Banc were worth $212,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in shares of Associated Banc by 291.3% during the 2nd quarter. Millennium Management LLC now owns 1,563,274 shares of the bank's stock worth $33,063,000 after buying an additional 1,163,807 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Associated Banc by 315.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 540,057 shares of the bank's stock worth $12,907,000 after buying an additional 410,118 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Associated Banc by 11.2% during the 3rd quarter. Verition Fund Management LLC now owns 3,036,239 shares of the bank's stock worth $65,401,000 after buying an additional 305,133 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Associated Banc during the 3rd quarter worth $6,082,000. Finally, State Street Corp boosted its holdings in shares of Associated Banc by 3.3% during the 3rd quarter. State Street Corp now owns 8,230,340 shares of the bank's stock worth $177,282,000 after buying an additional 261,877 shares during the period. 82.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Associated Banc news, EVP David L. Stein sold 29,536 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.43, for a total transaction of $810,172.48. Following the sale, the executive vice president now owns 81,021 shares of the company's stock, valued at $2,222,406.03. This represents a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.45% of the stock is currently owned by corporate insiders.

Associated Banc Price Performance

Shares of ASB stock traded up $0.42 during mid-day trading on Thursday, reaching $25.15. The company's stock had a trading volume of 957,861 shares, compared to its average volume of 1,737,656. Associated Banc-Corp has a 1-year low of $19.40 and a 1-year high of $28.18. The company has a market cap of $3.80 billion, a P/E ratio of 20.95, a PEG ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 0.88. The firm's 50-day moving average is $25.12 and its two-hundred day moving average is $23.49.

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 analysts' consensus estimates of $0.53 by $0.04. Associated Banc had a net margin of 8.15% and a return on equity of 8.18%. On average, research analysts predict that Associated Banc-Corp will post 2.15 earnings per share for the current year.

Associated Banc Dividend Announcement

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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, March 3rd. Associated Banc's dividend payout ratio (DPR) is currently 76.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped 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 note on Friday, January 24th. Royal Bank of Canada upped their target price on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on shares of Associated Banc from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Barclays upped their target price on shares of Associated Banc from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.00.

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.