9,722 Shares in Associated Banc-Corp (NYSE:ASB) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Associated Banc-Corp (NYSE:ASB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,722 shares of the bank’s stock, valued at approximately $232,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Associated Banc by 51.3% during the third quarter. Barclays PLC now owns 371,448 shares of the bank’s stock valued at $8,002,000 after buying an additional 125,899 shares during the last quarter. Franklin Resources Inc. grew its stake in Associated Banc by 0.7% during the 3rd quarter. Franklin Resources Inc. now owns 144,521 shares of the bank’s stock valued at $3,192,000 after purchasing an additional 1,064 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Associated Banc by 10.7% in the fourth quarter. GAMMA Investing LLC now owns 4,704 shares of the bank’s stock valued at $112,000 after purchasing an additional 455 shares during the period. Harbor Capital Advisors Inc. boosted its position in Associated Banc by 11,595.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 76,370 shares of the bank’s stock valued at $1,825,000 after buying an additional 75,717 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Associated Banc by 315.6% in 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. Institutional investors and hedge funds own 82.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ASB. Royal Bank of Canada lifted their price objective 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. StockNews.com downgraded Associated Banc from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price objective on Associated Banc from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Friday. Robert W. Baird dropped their target price on Associated Banc from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Barclays lowered their price objective on 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 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.11.

Insider Transactions at Associated Banc

In other news, Director John B. Williams sold 2,830 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $25.09, for a total transaction of $71,004.70. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eileen A. Kamerick sold 7,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the sale, the director now owns 49,495 shares in the company, valued at approximately $1,223,021.45. This trade represents a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Associated Banc Stock Up 1.6 %

ASB stock opened at $22.38 on Friday. The firm has a 50-day simple moving average of $21.95 and a 200-day simple moving average of $23.87. Associated Banc-Corp has a 52 week low of $18.32 and a 52 week high of $28.18. The stock has a market capitalization of $3.71 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.52 and a beta of 0.78. 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 (NYSE:ASB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $347.86 million. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. Equities analysts forecast that Associated Banc-Corp will post 2.43 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

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