ProShare Advisors LLC Has $8.33 Million Holdings in Associated Banc-Corp (NYSE:ASB)

ProShare Advisors LLC reduced its position in shares of Associated Banc-Corp (NYSE:ASB - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,701 shares of the bank's stock after selling 13,576 shares during the period. ProShare Advisors LLC owned approximately 0.23% of Associated Banc worth $8,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hancock Whitney Corp lifted its holdings in shares of Associated Banc by 0.7% during the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank's stock worth $1,386,000 after buying an additional 401 shares in the last quarter. NewEdge Advisors LLC increased its position in Associated Banc by 13.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank's stock worth $84,000 after acquiring an additional 408 shares during the period. US Bancorp DE raised its stake in Associated Banc by 0.6% in the 4th quarter. US Bancorp DE now owns 80,294 shares of the bank's stock worth $1,919,000 after purchasing an additional 494 shares in the last quarter. Mariner LLC raised its stake in Associated Banc by 3.3% in the 4th quarter. Mariner LLC now owns 17,882 shares of the bank's stock worth $427,000 after purchasing an additional 566 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Associated Banc by 18.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,592 shares of the bank's stock valued at $86,000 after purchasing an additional 572 shares during the period. 82.98% of the stock is currently owned by institutional investors.

Associated Banc Price Performance

Shares of ASB stock traded down $0.19 on Friday, hitting $22.89. 200,239 shares of the company's stock were exchanged, compared to its average volume of 1,537,197. The company has a 50 day moving average of $21.95 and a 200 day moving average of $23.92. The stock has a market cap of $3.80 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86. Associated Banc-Corp has a 12 month low of $18.32 and a 12 month high of $28.18.

Associated Banc (NYSE:ASB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. The firm had revenue of $348.97 million during the quarter, compared to the consensus estimate of $347.86 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business's quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts predict that Associated Banc-Corp will post 2.43 EPS for the current year.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Monday, June 2nd. Associated Banc's dividend payout ratio is 106.98%.

Insider Activity at Associated Banc

In other news, Director Eileen A. Kamerick sold 7,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $24.71, for a total transaction of $172,970.00. Following the sale, the director now directly owns 49,495 shares in the company, valued at approximately $1,223,021.45. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew J. Harmening acquired 12,910 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $23.25 per share, with a total value of $300,157.50. Following the purchase, the chief executive officer now directly owns 319,269 shares of the company's stock, valued at $7,423,004.25. This trade represents a 4.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.45% of the stock is owned by insiders.

Analyst Ratings Changes

ASB has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Associated Banc from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Barclays dropped their price objective on Associated Banc from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on Associated Banc from $29.00 to $27.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company upgraded Associated Banc from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $27.00 to $26.00 in a research report on Wednesday, April 9th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Associated Banc in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.00.

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.