Associated Banc-Corp (NYSE:ASB) declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 1st will be paid a dividend of 0.12 per share on Thursday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a positive change from Associated Banc-Corp’s previous quarterly dividend of $0.11.

Associated Banc-Corp (NYSE:ASB) opened at 23.10 on Thursday. The company has a 50 day moving average price of $20.57 and a 200 day moving average price of $19.05. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 19.41 and a beta of 1.18. Associated Banc-Corp has a 52 week low of $15.45 and a 52 week high of $23.60.

Associated Banc-Corp (NYSE:ASB) last posted its earnings results on Thursday, October 20th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Associated Banc-Corp had a return on equity of 6.46% and a net margin of 16.55%. During the same period last year, the firm earned $0.31 EPS. Analysts expect that Associated Banc-Corp will post $1.24 EPS for the current fiscal year.

Dividend History for Associated Banc-Corp (NYSE:ASB)

Several equities analysts have issued reports on ASB shares. Zacks Investment Research downgraded shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank AG upped their price objective on shares of Associated Banc-Corp from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. DA Davidson started coverage on shares of Associated Banc-Corp in a research note on Monday, October 3rd. They issued an “underperform” rating and a $18.00 price objective for the company. Barclays PLC upped their price objective on shares of Associated Banc-Corp from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. Finally, Jefferies Group restated a “buy” rating on shares of Associated Banc-Corp in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Associated Banc-Corp has a consensus rating of “Hold” and a consensus target price of $20.29.

In other news, insider John A. Utz sold 2,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $19.54, for a total transaction of $39,080.00. Following the completion of the sale, the insider now owns 44,290 shares in the company, valued at $865,426.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Yee sold 4,350 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $20.13, for a total transaction of $87,565.50. Following the sale, the insider now owns 58,035 shares of the company’s stock, valued at approximately $1,168,244.55. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

Several large investors have recently made changes to their positions in ASB. Alliancebernstein L.P. boosted its position in Associated Banc-Corp by 24.7% in the second quarter. Alliancebernstein L.P. now owns 4,142,500 shares of the company’s stock valued at $71,044,000 after buying an additional 820,598 shares in the last quarter. Columbia Wanger Asset Management LLC boosted its position in Associated Banc-Corp by 14.9% in the second quarter. Columbia Wanger Asset Management LLC now owns 3,125,636 shares of the company’s stock valued at $53,605,000 after buying an additional 406,038 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Associated Banc-Corp during the third quarter valued at about $3,983,000. BlackRock Fund Advisors boosted its position in Associated Banc-Corp by 3.5% in the second quarter. BlackRock Fund Advisors now owns 5,376,337 shares of the company’s stock valued at $92,204,000 after buying an additional 182,376 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Associated Banc-Corp by 40.6% in the second quarter. AQR Capital Management LLC now owns 368,706 shares of the company’s stock valued at $6,323,000 after buying an additional 106,426 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

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Associated Banc-Corp Company Profile

Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

5 Day Chart for NYSE:ASB

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