Associated Banc-Corp $ASB Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Associated Banc-Corp (NYSE:ASB) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,811,228 shares of the bank’s stock after buying an additional 170,080 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Associated Banc worth $253,709,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in Associated Banc by 27.7% in the first quarter. Parallel Advisors LLC now owns 3,305 shares of the bank’s stock worth $85,000 after acquiring an additional 717 shares during the last quarter. SEB Asset Management AB acquired a new stake in Associated Banc in the first quarter valued at $2,744,000. Swiss National Bank lifted its stake in Associated Banc by 0.5% during the first quarter. Swiss National Bank now owns 328,440 shares of the bank’s stock worth $8,493,000 after purchasing an additional 1,500 shares during the last quarter. Crescent Grove Advisors LLC lifted its position in shares of Associated Banc by 14.0% during the 1st quarter. Crescent Grove Advisors LLC now owns 162,344 shares of the bank’s stock worth $4,198,000 after buying an additional 19,949 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Associated Banc in the first quarter valued at $1,392,000. 82.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ASB. Zacks Research downgraded Associated Banc from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays raised their price target on Associated Banc from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler boosted their price objective on Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Stephens raised Associated Banc from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $30.00 to $29.00 in a report on Friday, March 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Associated Banc in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Insider Transactions at Associated Banc

In other Associated Banc news, Director John B. Williams sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $28.18, for a total value of $112,720.00. Following the sale, the director owned 67,420 shares of the company’s stock, valued at approximately $1,899,895.60. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dennis Deloye sold 14,299 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $28.26, for a total value of $404,089.74. Following the completion of the sale, the executive vice president directly owned 21,385 shares in the company, valued at $604,340.10. This trade represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,299 shares of company stock valued at $801,760. Company insiders own 0.71% of the company’s stock.

Associated Banc Stock Performance

Shares of ASB stock opened at $30.69 on Thursday. Associated Banc-Corp has a 12-month low of $23.63 and a 12-month high of $31.83. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $29.33 and a 200-day simple moving average of $27.76. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, April 23rd. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Associated Banc had a net margin of 19.88% and a return on equity of 10.46%. The company had revenue of $387.21 million for the quarter, compared to analyst estimates of $384.20 million. During the same period in the previous year, the firm earned $0.59 EPS. On average, equities analysts forecast that Associated Banc-Corp will post 2.91 EPS for the current year.

Associated Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Associated Banc’s dividend payout ratio (DPR) is presently 33.33%.

Associated Banc 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.