WBI Investments LLC Has $307,000 Stock Holdings in Associated Banc-Corp (NYSE:ASB)

WBI Investments LLC lowered its position in Associated Banc-Corp (NYSE:ASB) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,524 shares of the bank’s stock after selling 708 shares during the quarter. WBI Investments LLC’s holdings in Associated Banc were worth $307,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ASB. Steph & Co. raised its stake in shares of Associated Banc by 470.2% in the 1st quarter. Steph & Co. now owns 1,169 shares of the bank’s stock valued at $25,000 after buying an additional 964 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Associated Banc by 285.2% in the first quarter. Bessemer Group Inc. now owns 1,225 shares of the bank’s stock valued at $26,000 after acquiring an additional 907 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Associated Banc in the 4th quarter worth approximately $28,000. Parallel Advisors LLC grew its position in Associated Banc by 64.0% during the 4th quarter. Parallel Advisors LLC now owns 2,290 shares of the bank’s stock worth $49,000 after acquiring an additional 894 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Associated Banc by 183.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,860 shares of the bank’s stock valued at $61,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Associated Banc Stock Up 0.8 %

Associated Banc stock opened at $22.89 on Friday. The company has a 50 day moving average of $21.67 and a 200-day moving average of $21.21. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.79. Associated Banc-Corp has a twelve month low of $15.16 and a twelve month high of $24.21. The stock has a market capitalization of $3.45 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $321.75 million for the quarter, compared to the consensus estimate of $330.69 million. Associated Banc had a net margin of 7.93% and a return on equity of 8.14%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. On average, equities research analysts anticipate that Associated Banc-Corp will post 2.09 EPS for the current fiscal year.

Associated Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, September 3rd. Associated Banc’s payout ratio is currently 88.89%.

Insiders Place Their Bets

In other Associated Banc news, EVP Randall J. Erickson sold 23,774 shares of Associated Banc stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $22.99, for a total transaction of $546,564.26. Following the completion of the transaction, the executive vice president now directly owns 128,680 shares of the company’s stock, valued at $2,958,353.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP John A. Utz sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $22.78, for a total value of $45,560.00. Following the completion of the transaction, the executive vice president now owns 99,637 shares of the company’s stock, valued at $2,269,730.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Randall J. Erickson sold 23,774 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $22.99, for a total transaction of $546,564.26. Following the sale, the executive vice president now directly owns 128,680 shares of the company’s stock, valued at approximately $2,958,353.20. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

ASB has been the topic of several research analyst reports. Robert W. Baird decreased their target price on Associated Banc from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Jefferies Financial Group reduced their target price on shares of Associated Banc from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Baird R W lowered shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on Associated Banc from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded Associated Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.67.

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.