Miller Howard Investments Inc. NY Has $712,000 Stock Position in Associated Banc-Corp (NYSE:ASB)

Miller Howard Investments Inc. NY lessened its stake in shares of Associated Banc-Corp (NYSE:ASB) by 51.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,810 shares of the bank’s stock after selling 31,443 shares during the period. Miller Howard Investments Inc. NY’s holdings in Associated Banc were worth $712,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in Associated Banc in the 3rd quarter valued at approximately $39,000. Crews Bank & Trust purchased a new position in shares of Associated Banc during the 4th quarter valued at $56,000. Sugar Maple Asset Management LLC acquired a new position in shares of Associated Banc in the fourth quarter worth $64,000. R Squared Ltd purchased a new stake in shares of Associated Banc during the fourth quarter worth $67,000. Finally, Farther Finance Advisors LLC boosted its position in Associated Banc by 82.1% during the third quarter. Farther Finance Advisors LLC now owns 3,190 shares of the bank’s stock valued at $69,000 after purchasing an additional 1,438 shares during the last quarter. 82.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Associated Banc from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Robert W. Baird decreased their target price on shares of Associated Banc from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Piper Sandler raised their price target on shares of Associated Banc from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $28.00 price objective on shares of Associated Banc in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.00.

Associated Banc Stock Performance

ASB stock opened at $25.17 on Monday. Associated Banc-Corp has a twelve month low of $19.40 and a twelve month high of $28.18. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.61. The company has a market cap of $3.81 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The business’s fifty day moving average is $24.87 and its 200-day moving average is $23.59.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. Equities research analysts forecast that Associated Banc-Corp will post 2.41 EPS for the current year.

Associated Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.23 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.92 annualized dividend and a yield of 3.66%. Associated Banc’s dividend 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.