Segall Bryant & Hamill LLC Invests $264,000 in Associated Banc-Corp (NYSE:ASB)

Segall Bryant & Hamill LLC purchased a new stake in shares of Associated Banc-Corp (NYSE:ASB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,053 shares of the bank’s stock, valued at approximately $264,000.

A number of other large investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Associated Banc during the 4th quarter worth approximately $353,000. State Street Corp boosted its holdings in Associated Banc by 3.3% during the third quarter. State Street Corp now owns 8,230,340 shares of the bank’s stock worth $177,282,000 after buying an additional 261,877 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Associated Banc by 11,595.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 76,370 shares of the bank’s stock valued at $1,825,000 after buying an additional 75,717 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Associated Banc by 315.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 540,057 shares of the bank’s stock worth $12,907,000 after acquiring an additional 410,118 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Associated Banc by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,248,435 shares of the bank’s stock worth $53,738,000 after acquiring an additional 111,310 shares during the period. 82.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASB has been the subject of several recent analyst reports. Raymond James cut their price target on Associated Banc from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods boosted their price objective 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. Stephens reiterated an “equal weight” rating and set a $28.00 target price on shares of Associated Banc in a research report on Tuesday. StockNews.com lowered shares of Associated Banc from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. One equities 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.com, the company currently has an average rating of “Hold” and a consensus price target of $27.11.

Insiders Place Their Bets

In other news, Director Eileen A. Kamerick sold 7,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the transaction, the director now owns 49,495 shares of the company’s stock, 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 firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $25.09, for a total transaction of $71,004.70. Following the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Associated Banc Price Performance

Shares of NYSE ASB opened at $22.38 on Friday. The firm has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $23.99. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Associated Banc-Corp has a 52 week low of $19.76 and a 52 week high of $28.18.

Associated Banc (NYSE:ASB) last released its quarterly earnings data 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 net margin of 5.15% and a return on equity of 8.24%. On average, equities analysts predict that Associated Banc-Corp will post 2.43 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.23 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 4.11%. Associated Banc’s payout ratio is 116.46%.

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.