Greenleaf Trust Has $250,000 Holdings in Associated Banc-Corp (NYSE:ASB)

Greenleaf Trust raised its stake in shares of Associated Banc-Corp (NYSE:ASB) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,596 shares of the bank’s stock after purchasing an additional 853 shares during the quarter. Greenleaf Trust’s holdings in Associated Banc were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in Associated Banc by 285.2% during the first quarter. Bessemer Group Inc. now owns 1,225 shares of the bank’s stock worth $26,000 after buying an additional 907 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Associated Banc during the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Associated Banc during the first quarter valued at approximately $74,000. Neo Ivy Capital Management acquired a new position in shares of Associated Banc in the second quarter valued at $93,000. Finally, nVerses Capital LLC bought a new position in Associated Banc in the second quarter worth $140,000. Institutional investors own 82.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ASB shares. Barclays increased their price objective on shares of Associated Banc from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada increased their price target on shares of Associated Banc from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on Associated Banc from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Stephens reissued an “equal weight” rating and issued a $24.00 target price on shares of Associated Banc in a report on Tuesday, July 30th. Finally, Baird R W lowered Associated Banc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.89.

Insider Activity

In other Associated Banc news, EVP Randall J. Erickson sold 23,774 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 128,680 shares of the company’s stock, valued at approximately $2,958,353.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Associated Banc news, EVP Randall J. Erickson sold 23,774 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $22.99, for a total transaction of $546,564.26. Following the completion of 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John A. Utz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $22.78, for a total transaction of $45,560.00. Following the completion of the transaction, the executive vice president now directly owns 99,637 shares in the company, valued at $2,269,730.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,835 shares of company stock valued at $757,214 over the last three months. 1.45% of the stock is owned by insiders.

Associated Banc Trading Up 1.0 %

ASB stock opened at $22.91 on Friday. The business has a fifty day moving average price of $21.79 and a 200 day moving average price of $21.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.89 and a quick ratio of 0.89. Associated Banc-Corp has a fifty-two week low of $15.59 and a fifty-two week high of $24.21. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.66 and a beta of 0.93.

Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, October 24th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $607.54 million during the quarter, compared to analyst estimates of $336.52 million. Associated Banc had a return on equity of 8.14% and a net margin of 7.93%. During the same period last year, the company posted $0.53 earnings per share. Analysts expect that Associated Banc-Corp will post 2.06 EPS for the current fiscal year.

Associated Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. Associated Banc’s payout ratio is 88.89%.

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.