Interval Partners LP Buys 95,855 Shares of Associated Banc-Corp $ASB

Key Points

• Interval Partners LP boosted its stake in Associated Banc‑Corp (ASB) by 22.2%, buying 95,855 shares to hold 527,497 shares worth about $13.56 million (≈0.32% of the company).
• Company insiders sold a combined 23,656 shares (~$677,789) recently — including EVP Patrick Ahern and director Eileen Kamerick — while institutional investors own about 82.98% of ASB and insiders hold 1.45%.
• Associated Banc beat quarterly EPS estimates ($0.80 vs. $0.69), authorized a $100 million share buyback (≈2.2% of shares) and declared a $0.24 quarterly dividend (annualized $0.96, ~3.9% yield).

Interval Partners LP boosted its stake in Associated Banc-Corp (NYSE:ASB - Free Report) by 22.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 527,497 shares of the bank's stock after buying an additional 95,855 shares during the period. Interval Partners LP owned approximately 0.32% of Associated Banc worth $13,562,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC bought a new stake in shares of Associated Banc during the third quarter worth approximately $1,769,000. JPMorgan Chase & Co. increased its stake in shares of Associated Banc by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 984,537 shares of the bank's stock worth $25,312,000 after purchasing an additional 194,307 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Associated Banc during the 3rd quarter worth approximately $1,289,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Associated Banc by 50.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 125,433 shares of the bank's stock valued at $3,225,000 after purchasing an additional 42,133 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Associated Banc by 19.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 250,285 shares of the bank's stock valued at $6,435,000 after buying an additional 40,631 shares in the last quarter. 82.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP Patrick Edward Ahern sold 14,731 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $29.03, for a total value of $427,640.93. Following the completion of the sale, the executive vice president owned 39,401 shares of the company's stock, valued at approximately $1,143,811.03. This trade represents a 27.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eileen A. Kamerick sold 6,600 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.02, for a total value of $184,932.00. Following the sale, the director owned 49,264 shares of the company's stock, valued at approximately $1,380,377.28. This represents a 11.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,656 shares of company stock valued at $677,789. Company insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

ASB has been the subject of a number of research reports. Truist Financial lifted their target price on Associated Banc from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Associated Banc from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Weiss Ratings raised shares of Associated Banc from a "hold (c+)" rating to a "buy (b)" rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Associated Banc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Finally, UBS Group reissued a "buy" rating and issued a $28.00 price objective on shares of Associated Banc in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Associated Banc currently has a consensus rating of "Moderate Buy" and an average price target of $29.20.

Associated Banc Stock Performance

Shares of ASB opened at $24.48 on Friday. The firm's fifty day simple moving average is $27.01 and its two-hundred day simple moving average is $26.28. Associated Banc-Corp has a 12 month low of $18.32 and a 12 month high of $29.51. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $4.06 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.13 and a beta of 0.80.

Associated Banc (NYSE:ASB - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. The firm had revenue of $393.52 million for the quarter, compared to analyst estimates of $382.06 million. Associated Banc had a net margin of 19.31% and a return on equity of 10.25%. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, analysts predict that Associated Banc-Corp will post 2.43 EPS for the current year.

Associated Banc declared that its board has authorized a stock buyback program on Tuesday, January 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Associated Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.24 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.96 annualized dividend and a yield of 3.9%. Associated Banc's dividend payout ratio is presently 34.66%.

About Associated Banc

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.