Bailard Inc. Has $256,000 Stock Holdings in Associated Banc-Corp (NYSE:ASB)

Bailard Inc. grew its holdings in shares of Associated Banc-Corp (NYSE:ASBGet Rating) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,350 shares of the bank’s stock after buying an additional 550 shares during the quarter. Bailard Inc.’s holdings in Associated Banc were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASB. Morgan Stanley grew its holdings in Associated Banc by 60.1% in the second quarter. Morgan Stanley now owns 459,281 shares of the bank’s stock worth $9,405,000 after purchasing an additional 172,434 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Associated Banc by 30.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 20,801 shares of the bank’s stock valued at $450,000 after purchasing an additional 4,803 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Associated Banc by 21.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 24,637 shares of the bank’s stock valued at $528,000 after purchasing an additional 4,269 shares in the last quarter. KBC Group NV raised its holdings in Associated Banc by 22.7% during the 3rd quarter. KBC Group NV now owns 25,049 shares of the bank’s stock valued at $537,000 after buying an additional 4,641 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its holdings in Associated Banc by 11.1% in the 3rd quarter. IndexIQ Advisors LLC now owns 21,068 shares of the bank’s stock worth $451,000 after purchasing an additional 2,110 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

In related news, Director Lith Karen Van sold 4,500 shares of Associated Banc stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $22.86, for a total transaction of $102,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.04% of the stock is owned by insiders.

ASB has been the topic of several recent research reports. StockNews.com started coverage on shares of Associated Banc in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Associated Banc from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Monday, May 2nd. Piper Sandler dropped their price objective on shares of Associated Banc from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, April 22nd. Finally, Wells Fargo & Company upgraded Associated Banc from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $28.00 in a research report on Monday, March 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.00.

Shares of NYSE ASB opened at $19.80 on Thursday. The firm has a market capitalization of $2.97 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. Associated Banc-Corp has a fifty-two week low of $18.40 and a fifty-two week high of $25.78. The stock’s 50-day simple moving average is $21.70 and its 200-day simple moving average is $22.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 0.85.

Associated Banc (NYSE:ASBGet Rating) last released its quarterly earnings results on Thursday, April 21st. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Associated Banc had a return on equity of 8.70% and a net margin of 29.68%. During the same quarter last year, the business earned $0.58 EPS. On average, sell-side analysts forecast that Associated Banc-Corp will post 1.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%. Associated Banc’s dividend payout ratio (DPR) is presently 38.46%.

Associated Banc Profile (Get Rating)

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services.

See Also

Institutional Ownership by Quarter for Associated Banc (NYSE:ASB)

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