Axa S.A. Invests $468,000 in Associated Banc-Corp (NYSE:ASB)

Posted by Defense World Staff on Mar 2nd, 2023

Axa S.A. purchased a new position in shares of Associated Banc-Corp (NYSE:ASB – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,300 shares of the bank’s stock, valued at approximately $468,000.

A number of other institutional investors also recently modified their holdings of ASB. Guardian Wealth Advisors LLC bought a new stake in shares of Associated Banc in the 3rd quarter valued at about $26,000. Quadrant Capital Group LLC grew its position in shares of Associated Banc by 94.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,779 shares of the bank’s stock valued at $36,000 after buying an additional 862 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Associated Banc in the 1st quarter valued at about $91,000. Covestor Ltd grew its position in shares of Associated Banc by 67.3% in the 1st quarter. Covestor Ltd now owns 4,793 shares of the bank’s stock valued at $109,000 after buying an additional 1,928 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Associated Banc in the 2nd quarter valued at about $110,000. Institutional investors and hedge funds own 78.95% of the company’s stock.

Associated Banc Trading Up 0.6 %

NYSE ASB opened at $23.29 on Thursday. The business’s 50-day moving average price is $23.10 and its two-hundred day moving average price is $22.52. Associated Banc-Corp has a 12 month low of $17.45 and a 12 month high of $25.50. The firm has a market capitalization of $3.51 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.02. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Associated Banc (NYSE:ASB – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Associated Banc had a return on equity of 9.70% and a net margin of 25.65%. The firm had revenue of $452.94 million for the quarter, compared to analyst estimates of $347.92 million. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts expect that Associated Banc-Corp will post 2.45 EPS for the current year.

Associated Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.61%. Associated Banc’s payout ratio is 35.74%.

Insider Activity at Associated Banc

In related news, Director John B. Williams sold 1,840 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $23.95, for a total transaction of $44,068.00. Following the sale, the director now owns 57,576 shares in the company, valued at approximately $1,378,945.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Associated Banc news, Director John B. Williams sold 1,840 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $23.95, for a total value of $44,068.00. Following the transaction, the director now owns 57,576 shares in the company, valued at $1,378,945.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lith Karen Van sold 4,889 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $23.93, for a total value of $116,993.77. Following the completion of the transaction, the director now owns 58,677 shares in the company, valued at approximately $1,404,140.61. The disclosure for this sale can be found here. 3.04% of the stock is owned by corporate insiders.

Associated Banc Profile

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Associated Banc-Corp. is a holding company, which engages in banking and non-banking financial services to individuals and businesses through its subsidiaries. It operates through the following segments: Corporate and Commercial Specialty, Community, Consumer and Business, and Risk Management and Shared Services.