American Century Companies Inc. Sells 22,979 Shares of Associated Banc-Corp (NYSE:ASB)

American Century Companies Inc. lowered its position in shares of Associated Banc-Corp (NYSE:ASBFree Report) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,635,668 shares of the bank’s stock after selling 22,979 shares during the period. American Century Companies Inc.’s holdings in Associated Banc were worth $39,092,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in Associated Banc during the fourth quarter worth $353,000. State Street Corp boosted its stake 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 last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Associated Banc by 11,595.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 76,370 shares of the bank’s stock valued at $1,825,000 after acquiring an additional 75,717 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Associated Banc by 315.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 540,057 shares of the bank’s stock valued at $12,907,000 after acquiring an additional 410,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Associated Banc by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,248,435 shares of the bank’s stock worth $53,738,000 after acquiring an additional 111,310 shares in the last quarter. 82.98% of the stock is owned by institutional investors.

Associated Banc Trading Down 0.6 %

Shares of NYSE:ASB opened at $22.75 on Friday. The stock has a market cap of $3.77 billion, a PE ratio of 28.79, a P/E/G ratio of 1.52 and a beta of 0.90. 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 12-month low of $19.76 and a 12-month high of $28.18. The business has a 50 day moving average of $24.07 and a 200-day moving average of $23.98.

Associated Banc (NYSE:ASBGet Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that Associated Banc-Corp will post 2.43 earnings per share for the current year.

Associated Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.04%. The ex-dividend date was Monday, March 3rd. Associated Banc’s dividend payout ratio (DPR) is 116.46%.

Wall Street Analyst Weigh In

ASB has been the subject of a number of analyst reports. Raymond James decreased their price target on Associated Banc from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. 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. StockNews.com cut shares of Associated Banc from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. 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 report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price target on Associated Banc from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.11.

View Our Latest Stock Report on ASB

Insider Buying and Selling at Associated Banc

In other news, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 approximately $1,223,021.45. This represents a 12.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Williams sold 2,830 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 66,915 shares in the company, valued at $1,678,897.35. The trade was a 4.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Associated Banc Profile

(Free Report)

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.

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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:ASBFree Report).

Institutional Ownership by Quarter for Associated Banc (NYSE:ASB)

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