November 30, 2016 - By Marie Mckinney
A calculated and well-grounded act was made by the Executive Vice President of Associated Banc-Corp, Mr. William Bohn, a few days ago, when he sold amount of company shares – 5,000, totalling $112,638 US Dollars, based on a market stock price of $22.5 for a share. And, It’s sure William’s deal isn’t going to remain disregarded as he today is having ownership of 47,350 shares – ( 0.03% of Associated Banc-Corp’s Market Cap ). The transaction was unveiled in a report that was filed with the SEC on 30-11-2016, which is available for access here.
Out of 6 analysts covering Associated Banc (NYSE:ASB), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. $21 is the highest target while $19 is the lowest. The $19.75 average target is -13.57% below today’s ($22.85) stock price. Associated Banc has been the topic of 9 analyst reports since October 9, 2015 according to StockzIntelligence Inc. As per Friday, October 9, the company rating was maintained by Barclays Capital. As per Friday, January 22, the company rating was maintained by RBC Capital Markets. Jefferies downgraded Associated Banc Corp (NYSE:ASB) on Monday, November 28 to “Hold” rating. Macquarie Research downgraded Associated Banc Corp (NYSE:ASB) on Friday, April 1 to “Underperform” rating. The company was initiated on Tuesday, January 12 by Stephens. The company was maintained on Tuesday, August 16 by Barclays Capital. As per Wednesday, January 13, the company rating was upgraded by Deutsche Bank.
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 1.00, from 0 in 2016Q1. The ratio improved, as 0 funds sold all Associated Banc Corp shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 24,898 shares or 0.00% without change from 24,898 shares in 2016Q1.
Shikiar Asset Mngmt Inc has 0.12% invested in the company for 10,900 shares. Winch Advisory Ltd Liability Corporation has invested 0.15% of its portfolio in Associated Banc Corp (NYSE:ASB). Prentiss Smith And Incorporated has invested 0.01% of its portfolio in Associated Banc Corp (NYSE:ASB). Pnc Ser Group has invested 0% of its portfolio in Associated Banc Corp (NYSE:ASB). The Wisconsin-based Jacobus Wealth Mgmt has invested 0.06% in Associated Banc Corp (NYSE:ASB).
Insider Transactions: Since May 31, 2016, the stock had 5 buys, and 17 selling transactions for $1.99 million net activity. $191,574 worth of shares were sold by Yee James on Friday, August 5. Del Moral-Niles Christopher had sold 8,052 shares worth $149,397 on Monday, July 25. BERGSTROM JOHN F also bought $1.00 million worth of Associated Banc Corp (NYSE:ASB) shares. The insider JEFFE ROBERT A bought $1.50 million. The insider WILLIAMS JOHN B bought 2,000 shares worth $39,692. Docter Judith M sold $101,230 worth of Associated Banc Corp (NYSE:ASB) on Monday, November 14. On Monday, October 31 the insider FLYNN PHILIP B sold $198,620.
About 224,998 shares traded hands. Associated Banc Corp (NYSE:ASB) has risen 22.61% since April 27, 2016 and is uptrending. It has outperformed by 17.38% the S&P500.
Associated Banc-Corp is a bank holding company. The company has a market cap of $3.45 billion. The Company, through its banking subsidiary Associated Bank, National Association and various nonbanking subsidiaries, provides a range of banking and nonbanking services and products to individuals. It has a 19.27 P/E ratio. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.
According to Zacks Investment Research, “Associated Banc-Corp is a diversified multibank holding company. The company has banking offices serving communities in Wi., Il. and Min. The company offers a full range of traditional banking services such as: Business banking, Trust, asset management, and investment services, Retail banking, Private banking, Credit and debit cards, Personal loans, Full-service, discount and online investment brokerage, Personal trust, Employee benefit plan investment management, Insurance, Leasing, Correspondent banking, Cash management services, International banking.”
Analysts await Associated Banc Corp (NYSE:ASB) to report earnings on January, 19. They expect $0.32 EPS, up 18.52% or $0.05 from last year’s $0.27 per share. ASB’s profit will be $48.32 million for 17.85 P/E if the $0.32 EPS becomes a reality. After $0.34 actual EPS reported by Associated Banc Corp for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.
More recent Associated Banc Corp (NYSE:ASB) news were published by: Jsonline.com which released: “Associated Banc-Corp earnings rise 9%” on October 20, 2016. Also Nasdaq.com published the news titled: “Associated Banc-Corp Focused on Organic Growth Strategy” on November 25, 2016. Nasdaq.com‘s news article titled: “Associated Banc-Corp’s Preferred Stock, Series C Yield Pushes Past 6%” with publication date: November 09, 2016 was also an interesting one.
Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and nonbanking services and products to individuals. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Firm has over 200 banking offices serving over 100 communities, which are located in Wisconsin, Illinois and Minnesota.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.