Ameritas Investment Partners Inc. grew its holdings in Associated Banc-Corp (NYSE:ASB) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,582 shares of the bank’s stock after purchasing an additional 806 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Associated Banc-Corp were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of Associated Banc-Corp by 47.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 57,517 shares of the bank’s stock valued at $1,449,000 after purchasing an additional 18,435 shares during the period. Alpha Windward LLC increased its position in Associated Banc-Corp by 1.6% in the 2nd quarter. Alpha Windward LLC now owns 18,540 shares of the bank’s stock valued at $467,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN increased its position in Associated Banc-Corp by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,840,826 shares of the bank’s stock valued at $46,389,000 after buying an additional 38,996 shares in the last quarter. Russell Investments Group Ltd. increased its position in Associated Banc-Corp by 85.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 42,157 shares of the bank’s stock valued at $1,062,000 after buying an additional 19,461 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Associated Banc-Corp by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 808,521 shares of the bank’s stock valued at $20,375,000 after buying an additional 41,053 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors.

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In related news, Director Eileen A. Kamerick sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $23.57, for a total transaction of $106,065.00. Following the completion of the sale, the director now owns 27,004 shares of the company’s stock, valued at $636,484.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Piotrowski sold 16,218 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $23.55, for a total transaction of $381,933.90. Following the sale, the insider now directly owns 30,479 shares of the company’s stock, valued at approximately $717,780.45. The disclosure for this sale can be found here. Insiders have sold 38,772 shares of company stock valued at $914,334 in the last three months. 1.80% of the stock is owned by insiders.

Shares of Associated Banc-Corp (ASB) opened at 24.40 on Thursday. Associated Banc-Corp has a one year low of $19.00 and a one year high of $26.70. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.55 and a beta of 1.20. The firm’s 50-day moving average price is $23.41 and its 200-day moving average price is $23.98.

Associated Banc-Corp (NYSE:ASB) last announced its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $266.23 million during the quarter, compared to the consensus estimate of $273.29 million. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. During the same quarter last year, the firm earned $0.31 earnings per share. Analysts anticipate that Associated Banc-Corp will post $1.43 earnings per share for the current year.

ASB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 target price on shares of Associated Banc-Corp in a research report on Friday, August 11th. Zacks Investment Research lowered Associated Banc-Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson raised Associated Banc-Corp from an “underperform” rating to a “neutral” rating and set a $21.00 target price for the company in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $24.00 target price on shares of Associated Banc-Corp in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Associated Banc-Corp has an average rating of “Hold” and an average price target of $25.20.

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 non-banking 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.

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Institutional Ownership by Quarter for Associated Banc-Corp (NYSE:ASB)

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