196,499 Shares of Associated Banc-Corp $ASB Acquired by One Way Holdings LLC

One Way Holdings LLC bought a new stake in shares of Associated Banc-Corp (NYSE:ASB) in the third quarter, Holdings Channel reports. The fund bought 196,499 shares of the bank’s stock, valued at approximately $5,630,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. IAG Wealth Partners LLC increased its position in shares of Associated Banc by 4,250.0% during the first quarter. IAG Wealth Partners LLC now owns 1,218 shares of the bank’s stock valued at $31,000 after buying an additional 1,190 shares during the period. Root Financial Partners LLC bought a new position in shares of Associated Banc in the third quarter valued at approximately $55,000. Global Retirement Partners LLC bought a new position in shares of Associated Banc in the second quarter valued at approximately $68,000. Western Wealth Management LLC purchased a new position in Associated Banc during the first quarter valued at approximately $59,000. Finally, Nykredit A S bought a new stake in Associated Banc during the 2nd quarter worth approximately $73,000. 82.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP Patrick Ahern sold 1,309 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $30.85, for a total value of $40,382.65. Following the completion of the transaction, the executive vice president owned 43,743 shares of the company’s stock, valued at $1,349,471.55. The trade was a 2.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory Warsek sold 16,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $32.01, for a total transaction of $521,763.00. Following the completion of the transaction, the executive vice president directly owned 13,809 shares of the company’s stock, valued at approximately $442,026.09. This represents a 54.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,170 shares of company stock worth $1,957,840 over the last three months. 0.71% of the stock is owned by insiders.

Associated Banc Stock Performance

Shares of ASB opened at $30.26 on Monday. The company has a market cap of $5.62 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $29.69 and a 200-day moving average price of $28.65. Associated Banc-Corp has a 12-month low of $23.87 and a 12-month high of $32.46.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. The company had revenue of $468.51 million during the quarter, compared to analyst estimates of $463.69 million. Associated Banc had a return on equity of 10.75% and a net margin of 19.87%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities analysts forecast that Associated Banc-Corp will post 2.99 earnings per share for the current fiscal year.

Associated Banc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 1st. This is a boost from Associated Banc’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.3%. Associated Banc’s dividend payout ratio (DPR) is presently 34.60%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ASB shares. Truist Financial increased their target price on shares of Associated Banc from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada boosted their price target on shares of Associated Banc from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Barclays boosted their price target on shares of Associated Banc from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Associated Banc in a report on Monday, September 21st. Finally, Wells Fargo & Company lowered their price objective on Associated Banc from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

About Associated Banc

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.