Thrivent Financial for Lutherans Buys 656 Shares of Associated Banc-Corp (NYSE:ASB)

Thrivent Financial for Lutherans raised its stake in shares of Associated Banc-Corp (NYSE:ASB) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,680 shares of the bank’s stock after purchasing an additional 656 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Associated Banc were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Steph & Co. lifted its position in Associated Banc by 470.2% during the first quarter. Steph & Co. now owns 1,169 shares of the bank’s stock valued at $25,000 after purchasing an additional 964 shares during the last quarter. Bessemer Group Inc. lifted 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 valued at $26,000 after purchasing an additional 907 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Associated Banc during the fourth quarter valued at approximately $28,000. Quest Partners LLC bought a new stake in Associated Banc during the second quarter valued at approximately $38,000. Finally, Parallel Advisors LLC lifted its position in Associated Banc by 64.0% during the fourth quarter. Parallel Advisors LLC now owns 2,290 shares of the bank’s stock valued at $49,000 after purchasing an additional 894 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ASB has been the topic of several research reports. Robert W. Baird decreased their price target on shares of Associated Banc from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Associated Banc from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Jefferies Financial Group decreased their price target on shares of Associated Banc from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Baird R W downgraded shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens reissued an “equal weight” rating and set a $24.00 price target on shares of Associated Banc in a research note on Tuesday, July 30th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.78.

Associated Banc Trading Up 1.7 %

NYSE:ASB opened at $21.02 on Friday. The company has a fifty day moving average of $21.49 and a 200 day moving average of $21.34. Associated Banc-Corp has a 52 week low of $15.16 and a 52 week high of $24.21. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.17 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.36 and a beta of 0.93.

Associated Banc (NYSE:ASB) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Associated Banc had a net margin of 7.93% and a return on equity of 8.14%. The company had revenue of $321.75 million during the quarter, compared to analyst estimates of $330.69 million. During the same period in the prior year, the business posted $0.56 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts predict that Associated Banc-Corp will post 2.07 earnings per share for the current year.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.88 annualized dividend and a yield of 4.19%. Associated Banc’s dividend payout ratio (DPR) is presently 88.89%.

Insiders Place Their Bets

In other Associated Banc news, Director Lith Karen Van sold 8,061 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.48, for a total value of $165,089.28. Following the completion of the transaction, the director now directly owns 54,114 shares in the company, valued at approximately $1,108,254.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John A. Utz sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $22.78, for a total value of $45,560.00. Following the sale, the executive vice president now directly owns 99,637 shares of the company’s stock, valued at $2,269,730.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lith Karen Van sold 8,061 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.48, for a total transaction of $165,089.28. Following the completion of the sale, the director now directly owns 54,114 shares in the company, valued at $1,108,254.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,835 shares of company stock worth $757,214. 1.45% of the stock is currently owned by corporate insiders.

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.