Associated Banc-Corp Increased Associated Banc Corp (NYSE:ASB) Stake by $10.83 Million

August 12, 2018 - By Theresa Judd

Associated Banc-Corp (NYSE:ASB) LogoInvestors sentiment increased to 2.06 in 2018 Q1. Its up 0.72, from 1.34 in 2017Q4. It improved, as 22 investors sold ASB shares while 44 reduced holdings. 36 funds opened positions while 100 raised stakes. 129.10 million shares or 10.08% more from 117.28 million shares in 2017Q4 were reported. Utah Retirement Sys, Utah-based fund reported 31,428 shares. Aperio Gru Llc has invested 0.01% in Associated Banc-Corp (NYSE:ASB). Metropolitan Life Insurance Com reported 0% stake. Voya Inv Limited Company owns 0% invested in Associated Banc-Corp (NYSE:ASB) for 44,751 shares. Huntington Commercial Bank has invested 0% in Associated Banc-Corp (NYSE:ASB). American Group holds 341,171 shares or 0.03% of its portfolio. Northern Tru Corporation has 1.32 million shares. Moreover, Jpmorgan Chase & has 0.03% invested in Associated Banc-Corp (NYSE:ASB) for 4.77M shares. 37,750 were accumulated by Teacher Retirement Sys Of Texas. Swiss Bank reported 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB). Cambridge Research invested in 13,597 shares. Prospector Ptnrs Ltd Company holds 0.9% or 247,695 shares. 174,818 are held by Thompson Inv. Wesbanco Bankshares holds 27,337 shares or 0.03% of its portfolio. Bluecrest Mgmt invested in 0.03% or 40,895 shares.

Associated Banc-Corp increased its stake in Associated Banc Corp (NYSE:ASB) by 15.43% based on its latest 2018Q2 regulatory filing with the SEC. Associated Banc-Corp bought 401,111 shares as the company’s stock rose 9.50% while stock markets declined. The institutional investor held 3.00M shares of the major banks company at the end of 2018Q2, valued at $81.93 million, up from 2.60M at the end of the previous reported quarter. Associated Banc-Corp who had been investing in Associated Banc Corp for a number of months, seems to be bullish on the $4.63 billion market cap company. The stock decreased 0.37% or $0.1 during the last trading session, reaching $27. About 828,208 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 13.32% since August 13, 2017 and is uptrending. It has outperformed by 0.75% the S&P500.

Associated Banc-Corp (NYSE:ASB) Ratings Coverage

Among 7 analysts covering Associated Banc-Corp (NYSE:ASB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Associated Banc-Corp had 7 analyst reports since April 19, 2018 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, April 23 by Barclays Capital. The stock of Associated Banc-Corp (NYSE:ASB) has “Hold” rating given on Thursday, April 19 by RBC Capital Markets. Jefferies maintained the shares of ASB in report on Wednesday, April 25 with “Hold” rating. The stock of Associated Banc-Corp (NYSE:ASB) has “Neutral” rating given on Friday, April 20 by DA Davidson. The rating was upgraded by Sandler O’Neill on Friday, April 20 to “Buy”. On Friday, April 20 the stock rating was upgraded by Robert W. Baird to “Buy”. The stock of Associated Banc-Corp (NYSE:ASB) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, April 19.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.63 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 16.67 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging.

Another recent and important Associated Banc-Corp (NYSE:ASB) news was published by Seekingalpha.com which published an article titled: “Associated Banc-Corp (ASB) CEO Philip Flynn on Q2 2018 Results – Earnings Call Transcript” on July 20, 2018.

Associated Banc-Corp (NYSE:ASB) Ratings Chart

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