40,507 Associated Banc-Corp $ASB Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Associated Banc-Corp (NYSE:ASB) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 668,962 shares of the bank’s stock after selling 40,507 shares during the period. Leeward Investments LLC MA owned approximately 0.35% of Associated Banc worth $19,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. IAG Wealth Partners LLC raised its holdings in shares of Associated Banc by 4,250.0% in the 1st quarter. IAG Wealth Partners LLC now owns 1,218 shares of the bank’s stock worth $31,000 after purchasing an additional 1,190 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Associated Banc during the third quarter valued at approximately $55,000. Global Retirement Partners LLC acquired a new stake in Associated Banc during the second quarter valued at approximately $68,000. Western Wealth Management LLC acquired a new stake in Associated Banc during the first quarter valued at approximately $59,000. Finally, Nykredit A S bought a new stake in Associated Banc during the second quarter worth approximately $73,000. Institutional investors own 82.98% of the company’s stock.

Key Stories Impacting Associated Banc

Here are the key news stories impacting Associated Banc this week:

• Positive Sentiment: Strong Q3 operating results: Associated Banc reported third-quarter net income of $146.6 million, an 18% year-over-year increase. GAAP EPS was $0.76, while EPS excluding nonrecurring items was $0.81, exceeding the $0.76 analyst consensus cited by the company. Revenue of approximately $464 million also topped expectations. Associated Banc Q3 earnings release
• Positive Sentiment: Growth in deposits, loans and net interest income: Total deposits rose 16% year over year to $40.4 billion, while period-end loans increased 18% to $36.5 billion. Net interest income climbed 24% to $377.3 million, and the net interest margin expanded 16 basis points to 3.20%, supporting profitability. Associated Banc Q3 financial results
• Positive Sentiment: Capital return and core customer momentum: The bank repurchased $100 million of common stock during the quarter, while core customer deposits increased by $700 million. Buybacks can support EPS and signal management confidence in the company’s valuation. Associated Banc long-term investor takeaways
• Positive Sentiment: Higher RBC price target: Royal Bank of Canada raised its target for ASB from $33 to $34 while maintaining a “sector perform” rating. The increase suggests improved valuation support, although the unchanged rating indicates limited expectations for outperformance relative to peers.
• Neutral Sentiment: Credit quality and expenses remain important watch items: Associated Banc separately disclosed third-quarter net charge-offs, while noninterest expense included $13 million of acquisition-related nonrecurring costs. Investors will assess whether credit costs and integration expenses remain controlled in coming quarters. Associated Banc net charge-offs announcement

Associated Banc Trading Up 0.1%

Shares of ASB opened at $30.24 on Monday. The business’s 50-day moving average price is $29.79 and its 200 day moving average price is $29.47. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $5.71 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.03 and a beta of 0.80. Associated Banc-Corp has a 1-year low of $23.87 and a 1-year high of $32.46.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, October 22nd. The bank reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Associated Banc had a net margin of 19.87% and a return on equity of 10.75%. The company had revenue of $468.51 million during the quarter, compared to analyst estimates of $463.69 million. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts expect that Associated Banc-Corp will post 2.95 earnings per share for the current year.

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Associated Banc’s dividend payout ratio (DPR) is 33.22%.

Insider Buying and Selling at Associated Banc

In other news, EVP Patrick Ahern sold 1,309 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $30.85, for a total transaction of $40,382.65. Following the sale, the executive vice president owned 43,743 shares in the company, valued at $1,349,471.55. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randall Erickson sold 43,561 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 owned 56,091 shares of the company’s stock, valued at approximately $1,797,155.64. This trade represents a 43.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,833 shares of company stock valued at $2,502,103 over the last three months. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Associated Banc from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James Financial increased their price objective on Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Barclays increased their price objective on Associated Banc from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Associated Banc in a research note on Monday, September 21st. Finally, Piper Sandler lifted their target price on Associated Banc from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Associated Banc has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Associated Banc Company Profile

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.