Oxford Asset Management LLP Makes New Investment in Associated Banc-Corp (NYSE:ASB)

Oxford Asset Management LLP purchased a new position in Associated Banc-Corp (NYSE:ASB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,028 shares of the bank's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Covestor Ltd raised its holdings in shares of Associated Banc by 221.0% during the fourth quarter. Covestor Ltd now owns 1,499 shares of the bank's stock worth $36,000 after purchasing an additional 1,032 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Associated Banc by 49.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank's stock worth $42,000 after purchasing an additional 579 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Associated Banc during the fourth quarter worth $56,000. Sugar Maple Asset Management LLC purchased a new position in shares of Associated Banc during the fourth quarter worth $64,000. Finally, R Squared Ltd acquired a new stake in Associated Banc during the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 82.98% of the company's stock.

Insider Transactions at Associated Banc

In related news, Director John B. Williams sold 2,830 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $25.09, for a total value of $71,004.70. Following the transaction, the director now directly owns 66,915 shares in the company, valued at approximately $1,678,897.35. This represents a 4.06 % decrease in their ownership of the stock. 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 company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total value of $172,970.00. Following the completion of the transaction, the director now owns 49,495 shares in the company, valued at $1,223,021.45. This represents a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASB. Robert W. Baird dropped their price target on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada raised their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. StockNews.com lowered shares of Associated Banc from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Wells Fargo & Company upgraded shares of Associated Banc from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $27.00 to $26.00 in a research report on Wednesday, April 9th. Finally, 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 report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Associated Banc has an average rating of "Hold" and an average price target of $26.11.

Associated Banc Trading Up 1.6 %

ASB stock opened at $22.38 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Associated Banc-Corp has a 12-month low of $18.32 and a 12-month high of $28.18. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.52 and a beta of 0.78. The business's 50-day moving average is $21.95 and its 200 day moving average is $23.88.

Associated Banc (NYSE:ASB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $348.97 million for the quarter, compared to analysts' expectations of $347.86 million. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. On average, sell-side analysts anticipate that Associated Banc-Corp will post 2.43 EPS for the current fiscal year.

Associated Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Monday, March 3rd. Associated Banc's dividend payout ratio is currently 106.98%.

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.

Want to see what other hedge funds are holding ASB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Associated Banc-Corp (NYSE:ASB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.