Insider Selling: Associated Banc Corp (NYSE:ASB) CFO Sells 3,972 Shares of Stock

Associated Banc Corp (NYSE:ASB) CFO Moral-Niles Christopher Del sold 3,972 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $20.28, for a total transaction of $80,552.16. Following the transaction, the chief financial officer now directly owns 52,808 shares of the company’s stock, valued at approximately $1,070,946.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Moral-Niles Christopher Del also recently made the following trade(s):

  • On Monday, August 5th, Moral-Niles Christopher Del sold 2,000 shares of Associated Banc stock. The shares were sold at an average price of $26.50, for a total transaction of $53,000.00.

Shares of ASB traded down $0.18 during trading hours on Friday, hitting $20.25. 794,100 shares of the stock were exchanged, compared to its average volume of 1,171,469. Associated Banc Corp has a fifty-two week low of $18.53 and a fifty-two week high of $27.95. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The business’s 50-day simple moving average is $20.91. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.30 and a beta of 1.17.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Associated Banc had a net margin of 22.01% and a return on equity of 9.86%. The company had revenue of $309.46 million during the quarter, compared to analysts’ expectations of $315.84 million. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, equities analysts anticipate that Associated Banc Corp will post 1.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, August 30th. Associated Banc’s dividend payout ratio (DPR) is presently 33.50%.

Separately, Royal Bank of Canada set a $23.00 price objective on shares of Associated Banc and gave the stock a “hold” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.78.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Associated Banc by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,724,871 shares of the bank’s stock worth $212,245,000 after buying an additional 344,594 shares during the last quarter. Stifel Financial Corp grew its position in shares of Associated Banc by 18.8% in the fourth quarter. Stifel Financial Corp now owns 23,263 shares of the bank’s stock valued at $463,000 after purchasing an additional 3,679 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Associated Banc by 624.8% in the fourth quarter. Two Sigma Advisers LP now owns 76,381 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 65,843 shares during the last quarter. Bank of America Corp DE grew its position in shares of Associated Banc by 6.4% in the fourth quarter. Bank of America Corp DE now owns 304,175 shares of the bank’s stock valued at $6,019,000 after purchasing an additional 18,170 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Associated Banc by 2.0% in the fourth quarter. Legal & General Group Plc now owns 242,832 shares of the bank’s stock valued at $4,806,000 after purchasing an additional 4,685 shares during the last quarter. Institutional investors own 73.24% of the company’s stock.

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. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications.

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Insider Buying and Selling by Quarter for Associated Banc (NYSE:ASB)

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