Savant Capital LLC Sells 38,065 Shares of Associated Banc-Corp $ASB

Savant Capital LLC decreased its holdings in shares of Associated Banc-Corp (NYSE:ASB) by 75.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,396 shares of the bank’s stock after selling 38,065 shares during the period. Savant Capital LLC’s holdings in Associated Banc were worth $319,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Associated Banc by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 18,538,157 shares of the bank’s stock valued at $477,543,000 after buying an additional 545,185 shares during the period. LSV Asset Management raised its position in Associated Banc by 1.1% during the fourth quarter. LSV Asset Management now owns 3,663,163 shares of the bank’s stock valued at $94,363,000 after purchasing an additional 38,900 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Associated Banc by 139.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock valued at $61,927,000 after purchasing an additional 1,598,951 shares in the last quarter. Associated Banc Corp raised its position in Associated Banc by 7.5% during the fourth quarter. Associated Banc Corp now owns 2,631,339 shares of the bank’s stock valued at $67,783,000 after purchasing an additional 182,623 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Associated Banc by 32.5% during the third quarter. American Century Companies Inc. now owns 2,629,549 shares of the bank’s stock valued at $67,606,000 after purchasing an additional 645,676 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

Insider Activity

In other news, EVP Dennis Deloye sold 14,299 shares of Associated Banc stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $28.26, for a total value of $404,089.74. Following the transaction, the executive vice president owned 21,385 shares in the company, valued at approximately $604,340.10. The trade was a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Williams sold 4,000 shares of Associated Banc stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $28.18, for a total value of $112,720.00. Following the completion of the transaction, the director owned 67,420 shares in the company, valued at approximately $1,899,895.60. This represents a 5.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

ASB has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price target on Associated Banc from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Wall Street Zen downgraded Associated Banc from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company raised their price target on Associated Banc from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Barclays upgraded Associated Banc from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $33.00 in a research report on Tuesday, April 7th. Finally, Piper Sandler raised their price target on Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Associated Banc has a consensus rating of “Moderate Buy” and a consensus price target of $30.30.

Associated Banc Stock Up 0.1%

ASB opened at $27.76 on Friday. The company has a market cap of $5.24 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.60 and a beta of 0.77. The business’s 50-day moving average price is $27.46 and its 200-day moving average price is $26.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.84. Associated Banc-Corp has a 12 month low of $22.48 and a 12 month high of $29.51.

Associated Banc (NYSE:ASB) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $387.21 million for the quarter, compared to the consensus estimate of $384.20 million. Associated Banc had a return on equity of 10.46% and a net margin of 19.88%.During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities analysts expect that Associated Banc-Corp will post 2.92 EPS for the current year.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.24 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.5%. Associated Banc’s payout ratio is currently 33.33%.

Associated Banc Company Profile

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.