Associated Banc-Corp (NYSE:ASB) Stock Position Increased by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in Associated Banc-Corp (NYSE:ASB) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,137 shares of the bank’s stock after buying an additional 1,576 shares during the period. Yousif Capital Management LLC’s holdings in Associated Banc were worth $1,342,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Associated Banc from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Robert W. Baird cut their target price on Associated Banc from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Associated Banc from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price target on Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Finally, StockNews.com lowered Associated Banc from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.00.

Associated Banc Stock Performance

Shares of NYSE ASB opened at $24.73 on Thursday. The business’s 50-day moving average price is $24.79 and its two-hundred day moving average price is $23.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86. Associated Banc-Corp has a one year low of $19.40 and a one year high of $28.18. The company has a market capitalization of $3.74 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating 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 anticipate that Associated Banc-Corp will post 2.41 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.72%. Associated Banc’s dividend payout ratio (DPR) is presently 116.46%.

About Associated Banc

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.