Maltese Capital Management Llc Decreased Associated Banc Corp (NYSE:ASB) Stake By $11.21 Million

August 12, 2018 - By Sonya McDaniel

Associated Banc-Corp (NYSE:ASB) LogoInvestors sentiment increased to 2.06 in Q1 2018. Its up 0.72, from 1.34 in 2017Q4. It is positive, 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. Brown Brothers Harriman & Communications holds 0% or 2,792 shares in its portfolio. 2.62 million were reported by Millennium Management Limited. Ny State Teachers Retirement invested in 0.02% or 270,726 shares. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 45,986 shares or 0.02% of the stock. Thrivent Fincl For Lutherans accumulated 0% or 38,267 shares. The Pennsylvania-based Brandywine Glob Mngmt Limited Liability Company has invested 0.07% in Associated Banc-Corp (NYSE:ASB). Mairs And Power Inc has invested 0.84% of its portfolio in Associated Banc-Corp (NYSE:ASB). Aperio Gp Ltd Liability Corporation reported 63,056 shares stake. 44,800 were reported by Louisiana State Employees Retirement System. Moreover, Keybank Association Oh has 0.01% invested in Associated Banc-Corp (NYSE:ASB). State Of Alaska Department Of Revenue reported 13,290 shares stake. Sei Investments invested 0% of its portfolio in Associated Banc-Corp (NYSE:ASB). Us National Bank De holds 0.01% or 194,355 shares in its portfolio. Quantitative Systematic Strategies Ltd Liability holds 0.19% in Associated Banc-Corp (NYSE:ASB) or 35,815 shares. Northwestern Mutual Wealth Mgmt owns 2,981 shares for 0% of their portfolio.

Maltese Capital Management Llc decreased its stake in Associated Banc Corp (NYSE:ASB) by 45.61% based on its latest 2018Q2 regulatory filing with the SEC. Maltese Capital Management Llc sold 415,042 shares as the company’s stock rose 9.50% while stock markets declined. The institutional investor held 495,000 shares of the major banks company at the end of 2018Q2, valued at $13.51M, down from 910,042 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Associated Banc Corp for a number of months, seems to be less bullish one the $4.63B 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.

Maltese Capital Management Llc is a New York-based institutional investor with more than $1.71 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Maltese Capital Management latest Adv, the fund reported to have 21 full and part-time employees. Among which 13 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

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. On Wednesday, April 25 the stock rating was maintained by Jefferies with “Hold”. The stock has “Equal-Weight” rating by Barclays Capital on Monday, April 23. The firm earned “Hold” rating on Thursday, April 19 by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, April 19. As per Friday, April 20, the company rating was maintained by DA Davidson. The firm has “Buy” rating by Robert W. Baird given on Friday, April 20. The firm has “Buy” rating given on Friday, April 20 by Sandler O’Neill.

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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