O Shaughnessy Asset Management LLC Sells 34,481 Shares of Associated Banc-Corp (NYSE:ASB)

O Shaughnessy Asset Management LLC trimmed its position in Associated Banc-Corp (NYSE:ASB - Free Report) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,091 shares of the bank's stock after selling 34,481 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Associated Banc were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in Associated Banc by 7.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 20,860 shares of the bank's stock worth $499,000 after purchasing an additional 1,436 shares during the period. Norges Bank acquired a new position in shares of Associated Banc during the fourth quarter valued at $36,144,000. JPMorgan Chase & Co. grew its position in shares of Associated Banc by 75.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,088,796 shares of the bank's stock worth $26,022,000 after buying an additional 467,183 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Associated Banc during the 4th quarter worth $264,000. Finally, Prudential Financial Inc. grew its stake in shares of Associated Banc by 25.8% during the fourth quarter. Prudential Financial Inc. now owns 427,645 shares of the bank's stock worth $10,221,000 after purchasing an additional 87,651 shares during the period. Institutional investors and hedge funds own 82.98% of the company's stock.

Insiders Place Their Bets

In other news, Director John B. Williams sold 2,830 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $25.09, for a total value of $71,004.70. Following the completion of the sale, the director now owns 66,915 shares of the company's stock, valued at approximately $1,678,897.35. The trade was a 4.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the sale, the director now directly owns 49,495 shares of the company's stock, valued at $1,223,021.45. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of research analysts have issued reports on ASB shares. Barclays decreased their target price on Associated Banc from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Stephens reiterated an "equal weight" rating and issued a $28.00 price target on shares of Associated Banc in a research note on Tuesday, March 25th. StockNews.com cut Associated Banc from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Raymond James cut their target price on shares of Associated Banc from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird reduced their price objective on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.67.

Associated Banc Stock Up 2.7 %

Shares of ASB stock traded up $0.53 during trading hours on Tuesday, reaching $20.02. The company had a trading volume of 125,193 shares, compared to its average volume of 1,487,936. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.78. The business has a fifty day simple moving average of $22.76 and a 200-day simple moving average of $23.91. Associated Banc-Corp has a 12 month low of $18.32 and a 12 month high of $28.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86.

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

Associated Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, March 3rd. Associated Banc's payout ratio is currently 116.46%.

About Associated Banc

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.