South Dakota Investment Council Sells 35,100 Shares of Associated Banc-Corp (NYSE:ASB)

South Dakota Investment Council decreased its position in Associated Banc-Corp (NYSE:ASBFree Report) by 11.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 279,978 shares of the bank’s stock after selling 35,100 shares during the period. South Dakota Investment Council’s holdings in Associated Banc were worth $4,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in shares of Associated Banc by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 42,963 shares of the bank’s stock valued at $735,000 after buying an additional 587 shares during the period. Assenagon Asset Management S.A. acquired a new position in Associated Banc in the 3rd quarter worth $6,404,000. NBC Securities Inc. acquired a new position in Associated Banc in the 3rd quarter worth $95,000. Principal Financial Group Inc. boosted its stake in Associated Banc by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 665,820 shares of the bank’s stock worth $11,392,000 after purchasing an additional 31,875 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Associated Banc by 15.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 32,291 shares of the bank’s stock worth $552,000 after purchasing an additional 4,244 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

Associated Banc Price Performance

NYSE:ASB opened at $21.86 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.62. Associated Banc-Corp has a 12-month low of $14.47 and a 12-month high of $24.21. The stock’s 50 day moving average price is $20.50 and its two-hundred day moving average price is $18.43. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.29 and a beta of 1.02.

Wall Street Analyst Weigh In

ASB has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Associated Banc from $22.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods upped their target price on shares of Associated Banc from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, December 4th. Raymond James increased their price objective on shares of Associated Banc from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler increased their price objective on shares of Associated Banc from $21.50 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Associated Banc in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc has a consensus rating of “Hold” and an average target price of $22.13.

Read Our Latest Report on Associated Banc

Insider Buying and Selling

In other Associated Banc news, EVP John A. Utz sold 14,755 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $19.49, for a total transaction of $287,574.95. Following the completion of the sale, the executive vice president now owns 90,182 shares of the company’s stock, valued at approximately $1,757,647.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John A. Utz sold 14,755 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $19.49, for a total value of $287,574.95. Following the transaction, the executive vice president now owns 90,182 shares in the company, valued at approximately $1,757,647.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David L. Stein sold 19,379 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $18.00, for a total transaction of $348,822.00. Following the sale, the executive vice president now owns 78,286 shares of the company’s stock, valued at $1,409,148. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,972 shares of company stock valued at $915,203. 1.49% of the stock is owned by insiders.

About Associated Banc

(Free Report)

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.

Featured Articles

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:ASBFree Report).

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

Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.