16,641 Shares in Associated Banc-Corp $ASB Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new position in shares of Associated Banc-Corp (NYSE:ASB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,641 shares of the bank’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IAG Wealth Partners LLC increased its holdings in shares of Associated Banc by 4,250.0% in the 1st quarter. IAG Wealth Partners LLC now owns 1,218 shares of the bank’s stock worth $31,000 after acquiring an additional 1,190 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Associated Banc during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its stake in Associated Banc by 345.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,047 shares during the period. CIBC Private Wealth Group LLC bought a new position in Associated Banc in the 3rd quarter worth about $51,000. Finally, Global Retirement Partners LLC bought a new position in Associated Banc in the 4th quarter worth about $56,000. 82.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Associated Banc in a research report on Wednesday, June 24th. Barclays increased their price target on Associated Banc from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company raised their price target on Associated Banc from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Raymond James Financial lifted their price objective on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Truist Financial upped their price objective on shares of Associated Banc from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Insider Activity

In other news, EVP Derek S. Meyer sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $30.74, for a total value of $307,400.00. Following the completion of the sale, the executive vice president directly owned 61,662 shares in the company, valued at approximately $1,895,489.88. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nicole M. Kitowski sold 7,663 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.91, for a total transaction of $236,863.33. Following the completion of the sale, the executive vice president owned 45,327 shares of the company’s stock, valued at $1,401,057.57. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,833 shares of company stock valued at $2,502,103. Insiders own 0.71% of the company’s stock.

Associated Banc Trading Down 1.7%

NYSE:ASB opened at $30.55 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. Associated Banc-Corp has a fifty-two week low of $23.86 and a fifty-two week high of $32.46. The stock’s 50-day moving average is $31.00 and its two-hundred day moving average is $28.67. The stock has a market cap of $5.77 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, July 23rd. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $454.54 million during the quarter, compared to analyst estimates of $438.01 million. Associated Banc had a net margin of 19.66% and a return on equity of 10.64%. During the same quarter last year, the business posted $0.65 EPS. As a group, equities research analysts forecast that Associated Banc-Corp will post 2.94 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 1st. Associated Banc’s payout ratio is 33.57%.

About Associated Banc

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.