Associated Banc-Corp (NYSE:ASB – Get Rating) CEO Andrew J. Harmening bought 4,850 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $20.57 per share, for a total transaction of $99,764.50. Following the transaction, the chief executive officer now directly owns 287,394 shares of the company’s stock, valued at $5,911,694.58. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Associated Banc Stock Performance
Shares of Associated Banc stock opened at $20.44 on Monday. Associated Banc-Corp has a fifty-two week low of $17.45 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $3.08 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.03 and a beta of 1.01. The company’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $22.54.
Associated Banc (NYSE:ASB – Get Rating) last issued its earnings results on Thursday, January 26th. The bank reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Associated Banc had a net margin of 25.65% and a return on equity of 9.70%. The firm had revenue of $452.94 million for the quarter, compared to analyst estimates of $347.92 million. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Associated Banc-Corp will post 2.47 earnings per share for the current fiscal year.
Associated Banc Dividend Announcement
Institutional Trading of Associated Banc
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Associated Banc during the fourth quarter worth $36,376,000. FMR LLC lifted its holdings in shares of Associated Banc by 18.9% during the second quarter. FMR LLC now owns 9,742,941 shares of the bank’s stock worth $177,906,000 after purchasing an additional 1,550,652 shares during the period. Millennium Management LLC lifted its holdings in shares of Associated Banc by 750.9% during the second quarter. Millennium Management LLC now owns 1,535,790 shares of the bank’s stock worth $28,044,000 after purchasing an additional 1,355,299 shares during the period. Palisade Asset Management LLC acquired a new position in shares of Associated Banc during the fourth quarter worth $25,789,000. Finally, BlackRock Inc. lifted its holdings in shares of Associated Banc by 2.9% during the third quarter. BlackRock Inc. now owns 18,660,033 shares of the bank’s stock worth $374,694,000 after purchasing an additional 523,996 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.
About Associated Banc
Associated Banc-Corp. is a holding company, which engages in banking and non-banking financial services to individuals and businesses through its subsidiaries. It operates through the following segments: Corporate and Commercial Specialty, Community, Consumer and Business, and Risk Management and Shared Services.
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