Associated Banc-Corp (NYSE:ASB) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in shares of Associated Banc-Corp (NYSE:ASB) by 51.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,810 shares of the bank’s stock after selling 31,443 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Associated Banc were worth $712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in Associated Banc during the 3rd quarter worth approximately $39,000. Crews Bank & Trust acquired a new stake in shares of Associated Banc in the fourth quarter valued at $56,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Associated Banc in the fourth quarter valued at $64,000. R Squared Ltd purchased a new position in Associated Banc in the fourth quarter valued at $67,000. Finally, Farther Finance Advisors LLC grew its stake in Associated Banc by 82.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,190 shares of the bank’s stock worth $69,000 after purchasing an additional 1,438 shares in the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASB shares. Royal Bank of Canada increased their price target on Associated Banc from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Associated Banc in a research report on Friday, January 24th. Piper Sandler lifted their price objective on shares of Associated Banc from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Barclays increased their target price on Associated Banc from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Associated Banc currently has a consensus rating of “Hold” and an average price target of $27.00.

Associated Banc Trading Down 1.8 %

NYSE ASB opened at $25.17 on Monday. Associated Banc-Corp has a 12 month low of $19.40 and a 12 month high of $28.18. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86. The firm’s fifty day moving average price is $24.87 and its 200 day moving average price is $23.59.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. On average, sell-side analysts expect that Associated Banc-Corp will post 2.41 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, March 3rd. Associated Banc’s payout ratio is 116.46%.

Associated Banc Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.