Teachers Advisors LLC Acquires 6,388 Shares of Associated Banc-Corp (ASB)

Teachers Advisors LLC Acquires 6,388 Shares of Associated Banc-Corp (ASB)

Teachers Advisors LLC raised its position in shares of Associated Banc-Corp (NYSE:ASB) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,704 shares of the company’s stock after buying an additional 6,388 shares during the period. Teachers Advisors LLC owned about 0.11% of Associated Banc-Corp worth $3,148,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Associated Banc-Corp during the third quarter worth about $110,000. Calvert Investment Management Inc. boosted its stake in shares of Associated Banc-Corp by 1.5% in the second quarter. Calvert Investment Management Inc. now owns 12,014 shares of the company’s stock worth $206,000 after buying an additional 179 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Associated Banc-Corp during the third quarter worth about $212,000. Hsbc Holdings PLC boosted its stake in shares of Associated Banc-Corp by 22.3% in the second quarter. Hsbc Holdings PLC now owns 14,199 shares of the company’s stock worth $243,000 after buying an additional 2,590 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Associated Banc-Corp during the third quarter worth about $249,000. 75.14% of the stock is owned by institutional investors.

Associated Banc-Corp (NYSE:ASB) traded down 1.070% on Friday, hitting $25.425. 241,892 shares of the stock were exchanged. The firm has a market cap of $3.79 billion, a PE ratio of 20.179 and a beta of 1.21. Associated Banc-Corp has a 52-week low of $15.72 and a 52-week high of $26.00. The company has a 50-day moving average price of $24.94 and a 200-day moving average price of $21.12.

Associated Banc-Corp (NYSE:ASB) last announced its quarterly earnings data on Thursday, January 19th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Associated Banc-Corp had a return on equity of 6.81% and a net margin of 17.31%. During the same period last year, the company posted $0.27 earnings per share. On average, equities research analysts anticipate that Associated Banc-Corp will post $1.41 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Associated Banc-Corp in a research report on Thursday, January 12th. They issued a “neutral” rating and a $25.50 target price for the company. Barclays PLC upped their price objective on shares of Associated Banc-Corp to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, January 20th. Jefferies Group LLC cut shares of Associated Banc-Corp from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Monday, November 28th. Zacks Investment Research cut shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 23rd. Finally, Bank of America Corp raised shares of Associated Banc-Corp from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $26.00 in a research report on Thursday, December 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.50.

In related news, insider James Yee sold 4,350 shares of Associated Banc-Corp stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $20.13, for a total value of $87,565.50. Following the completion of the sale, the insider now owns 58,035 shares of the company’s stock, valued at approximately $1,168,244.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Philip B. Flynn sold 10,000 shares of Associated Banc-Corp stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $19.86, for a total value of $198,600.00. Following the completion of the sale, the chief executive officer now directly owns 129,735 shares of the company’s stock, valued at approximately $2,576,537.10. The disclosure for this sale can be found here. In the last three months, insiders sold 162,616 shares of company stock valued at $3,860,336. 2.09% of the stock is currently owned by insiders.

About Associated Banc-Corp

Associated Banc-Corp 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 products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

Want to see what other hedge funds are holding ASB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Associated Banc-Corp (NYSE:ASB).

Related posts

Leave a Comment