Cwm LLC Has $185,000 Position in Associated Banc-Corp (NYSE:ASB)

Cwm LLC raised its position in Associated Banc-Corp (NYSE:ASB) by 21.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,574 shares of the bank’s stock after purchasing an additional 1,490 shares during the quarter. Cwm LLC’s holdings in Associated Banc were worth $185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management raised its stake in shares of Associated Banc by 43.3% during the first quarter. LSV Asset Management now owns 4,050,813 shares of the bank’s stock valued at $87,133,000 after acquiring an additional 1,224,216 shares during the last quarter. Millennium Management LLC lifted its position in shares of Associated Banc by 291.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,274 shares of the bank’s stock worth $33,063,000 after purchasing an additional 1,163,807 shares during the period. M&G Plc bought a new position in Associated Banc during the first quarter worth $8,057,000. Vanguard Group Inc. raised its stake in Associated Banc by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,639,171 shares of the bank’s stock worth $334,522,000 after buying an additional 184,813 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Associated Banc by 12.0% in the second quarter. Point72 Asset Management L.P. now owns 1,149,355 shares of the bank’s stock valued at $24,309,000 after buying an additional 123,271 shares during the period. 82.98% of the stock is owned by institutional investors.

Insider Transactions at Associated Banc

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

Associated Banc Trading Up 0.2 %

Shares of Associated Banc stock opened at $22.47 on Thursday. The stock’s 50-day simple moving average is $21.73 and its 200 day simple moving average is $21.45. Associated Banc-Corp has a 52-week low of $15.20 and a 52-week high of $24.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $3.39 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.66 and a beta of 0.93.

Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Associated Banc had a return on equity of 8.14% and a net margin of 7.93%. The firm had revenue of $321.75 million for the quarter, compared to the consensus estimate of $330.69 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that Associated Banc-Corp will post 2.06 EPS for the current year.

Associated Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.92%. Associated Banc’s dividend payout ratio (DPR) is currently 88.89%.

Analyst Upgrades and Downgrades

ASB has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price target on Associated Banc from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada boosted their price target on shares of Associated Banc from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Barclays increased their price target on Associated Banc from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Baird R W lowered shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Robert W. Baird reduced their target price on Associated Banc from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Associated Banc presently has an average rating of “Hold” and an average price target of $23.78.

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.