62,288 Shares in Associated Banc-Corp (NYSE:ASB) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in Associated Banc-Corp (NYSE:ASB) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 62,288 shares of the bank’s stock, valued at approximately $1,489,000.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Associated Banc by 2.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,461 shares of the bank’s stock worth $419,000 after acquiring an additional 525 shares during the period. State of Alaska Department of Revenue increased its position in Associated Banc by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 17,220 shares of the bank’s stock worth $370,000 after purchasing an additional 1,170 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Associated Banc by 82.1% in the 3rd 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. M&G PLC boosted its holdings in shares of Associated Banc by 2.9% in the 3rd quarter. M&G PLC now owns 423,903 shares of the bank’s stock valued at $9,326,000 after purchasing an additional 12,142 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Associated Banc by 317.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 16,099 shares of the bank’s stock valued at $347,000 after buying an additional 12,245 shares during the period. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the transaction, the director now owns 49,495 shares in the company, valued at approximately $1,223,021.45. The trade was a 12.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Williams sold 2,830 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $25.09, for a total value of $71,004.70. Following the completion of the transaction, the director now directly owns 66,915 shares of the company’s stock, valued at approximately $1,678,897.35. The trade was a 4.06 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Associated Banc Stock Down 1.5 %

NYSE:ASB opened at $22.67 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $24.61 and a 200-day moving average of $23.96. The firm has a market capitalization of $3.77 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Associated Banc-Corp has a 52 week low of $19.76 and a 52 week high of $28.18.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. Analysts predict that Associated Banc-Corp will post 2.43 EPS for the current year.

Associated Banc Dividend Announcement

The company 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 4.06%. Associated Banc’s dividend payout ratio is presently 116.46%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ASB shares. Barclays lifted their target price on Associated Banc from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Stephens reissued an “equal weight” rating and set a $28.00 target price on shares of Associated Banc in a research report on Friday, January 24th. Robert W. Baird reduced their price target on shares of Associated Banc from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Associated Banc from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc presently has an average rating of “Hold” and an average price target of $27.00.

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.