Associated Banc-Corp (NYSE:ASB) is expected to pay $0.12 on Dec 15, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Associated Banc-Corp’s current price of $23.00, the dividend is 0.52%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 26, 2016. The stock decreased 0.43% or $0.1 on November 25, hitting $23. Associated Banc Corp (NYSE:ASB) has risen 26.51% since April 25, 2016 and is uptrending. It has outperformed by 20.50% 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 19.4 P/E ratio. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.11, from 1.08 in 2016Q1. The ratio turned negative, as 22 funds sold all Associated Banc Corp shares owned while 61 reduced positions. 13 funds bought stakes while 77 increased positions. They now own 109.36 million shares or 3.77% less from 113.65 million shares in 2016Q1.
Teachers Retirement Of The State Of Kentucky accumulated 108,070 shares or 0.02% of the stock. Bancorp Of Montreal Can accumulated 0% or 52,291 shares. Aperio Ltd holds 0% of its portfolio in Associated Banc Corp (NYSE:ASB) for 35,856 shares. Blackrock Fund has 0.02% invested in the company for 5.38 million shares. D E Shaw & Inc accumulated 48,515 shares or 0% of the stock. Teacher Retirement Of Texas accumulated 21,049 shares or 0% of the stock. Price T Rowe Associate Md has invested 0% of its portfolio in Associated Banc Corp (NYSE:ASB). Geode Capital Management Lc has 961,186 shares for 0.01% of their US portfolio. Capstone Investment Advsr Lc holds 0.02% of its portfolio in Associated Banc Corp (NYSE:ASB) for 46,300 shares. Wells Fargo & Comm Mn accumulated 0.01% or 1.77 million shares. Renaissance Technologies Lc owns 214,279 shares or 0.01% of their US portfolio. Principal Fincl Grp Inc owns 566,169 shares or 0.01% of their US portfolio. First Quadrant Lp Ca holds 0.01% or 34,200 shares in its portfolio. Bnp Paribas Arbitrage owns 76,786 shares or 0.01% of their US portfolio. Bluecrest Cap Mngmt accumulated 316,289 shares or 0.22% of the stock.
Associated Banc Corp (NYSE:ASB) Ratings Coverage
Out of 6 analysts covering Associated Banc (NYSE:ASB), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $21 is the highest target while $19 is the lowest. The $19.75 average target is -14.13% below today’s ($23) stock price. Associated Banc has been the topic of 8 analyst reports since October 9, 2015 according to StockzIntelligence Inc. On Tuesday, August 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm earned “Sector Perform” rating on Friday, January 22 by RBC Capital Markets. On Friday, October 9 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Macquarie Research downgraded the shares of ASB in a report on Friday, April 1 to “Underperform” rating. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, January 13 report. The firm has “Equal-Weight” rating by Stephens given on Tuesday, January 12.
More notable recent Associated Banc Corp (NYSE:ASB) news were published by: Nasdaq.com which released: “Associated Banc-Corp Focused on Organic Growth Strategy” on November 25, 2016, also Jsonline.com with their article: “Associated Banc-Corp earnings rise 9%” published on October 20, 2016, Biztimes.com published: “Associated Banc-Corp profit up 9% in Q3” on October 21, 2016. More interesting news about Associated Banc Corp (NYSE:ASB) were released by: Prnewswire.com and their article: “Associated Banc-Corp Announces Redemption of All Outstanding Depositary Shares …” published on July 26, 2016 as well as Jsonline.com‘s news article titled: “Klappa joins Associated Banc-Corp board of directors” with publication date: June 23, 2016.
ASB Company Profile
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.
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