Associated Banc-Corp (ASB) To Go Ex-Dividend on September 1st

Associated Banc-Corp (NYSE:ASB) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, September 1st will be given a dividend of 0.24 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st.

Associated Banc has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Associated Banc has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Associated Banc to earn $3.33 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 28.8%.

Associated Banc Trading Up 0.5%

Shares of Associated Banc stock opened at $30.94 on Friday. The firm has a 50-day simple moving average of $30.97 and a two-hundred day simple moving average of $28.55. The company has a market cap of $5.84 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77. Associated Banc has a fifty-two week low of $23.86 and a fifty-two week high of $32.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93.

Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, July 23rd. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Associated Banc had a return on equity of 10.64% and a net margin of 19.66%.The firm had revenue of $454.54 million for the quarter, compared to analysts’ expectations of $438.01 million. During the same period last year, the firm earned $0.65 EPS. As a group, equities analysts predict that Associated Banc will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at Associated Banc

In related news, EVP Randall J. Erickson sold 43,561 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $32.04, for a total transaction of $1,395,694.44. Following the completion of the sale, the executive vice president directly owned 56,091 shares in the company, valued at approximately $1,797,155.64. The trade was a 43.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John A. Utz sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $28.82, for a total transaction of $144,100.00. Following the sale, the executive vice president directly owned 118,156 shares of the company’s stock, valued at $3,405,255.92. The trade was a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 87,524 shares of company stock valued at $2,746,671. Insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Associated Banc

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in shares of Associated Banc by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 154,933 shares of the bank’s stock valued at $3,779,000 after acquiring an additional 394 shares during the last quarter. LPL Financial LLC raised its position in shares of Associated Banc by 2.3% during the 4th quarter. LPL Financial LLC now owns 19,079 shares of the bank’s stock worth $491,000 after acquiring an additional 426 shares in the last quarter. Tidal Investments LLC lifted its stake in Associated Banc by 2.0% during the second quarter. Tidal Investments LLC now owns 27,354 shares of the bank’s stock worth $667,000 after purchasing an additional 549 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Associated Banc by 1.8% during the fourth quarter. Quadrant Capital Group LLC now owns 34,801 shares of the bank’s stock worth $896,000 after purchasing an additional 619 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Associated Banc by 1.8% in the first quarter. State of Michigan Retirement System now owns 39,378 shares of the bank’s stock valued at $1,018,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

About Associated Banc

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.