Appleton Group Exits Position in Associated Banc Corp (ASB)

Associated Banc Corp (ASB) : Appleton Group has sold out all of its stake in Associated Banc Corp during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 18,436 shares of Associated Banc Corp which is valued at $350,837.

Other Hedge Funds, Including , Advantus Capital Management Inc reduced its stake in ASB by selling 1,998 shares or 9.9% in the most recent quarter. The Hedge Fund company now holds 18,183 shares of ASB which is valued at $346,022. Associated Banc Corp makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Thompson Investment Management reduced its stake in ASB by selling 2,530 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 262,410 shares of ASB which is valued at $4,883,450. Associated Banc Corp makes up approx 0.96% of Thompson Investment Management’s portfolio.Msi Financial Services Inc reduced its stake in ASB by selling 199 shares or 12.98% in the most recent quarter. The Hedge Fund company now holds 1,334 shares of ASB which is valued at $24,879.Louisiana State Employees Retirement System reduced its stake in ASB by selling 1,600 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 39,900 shares of ASB which is valued at $744,135. Associated Banc Corp makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.

Associated Banc Corp opened for trading at $19.53 and hit $19.77 on the upside on Friday, eventually ending the session at $19.76, with a gain of 0.66% or 0.13 points. The heightened volatility saw the trading volume jump to 6,91,840 shares. Company has a market cap of $2,972 M.

On the company’s financial health, Associated Banc Corp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 252.56.During the same quarter in the previous year, the company posted $0.27 EPS.

Investors should note that on Jul 26, 2016, Associated Banc Corp announced a cash dividend of $0.1100. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Associated Banc-Corp (Associated) is a bank holding company. The Company through its banking subsidiary Associated Bank National Association (Associated Bank) and various nonbanking subsidiaries provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community Consumer and Business and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers including businesses developers non-profits municipalities and financial institutions. The Community Consumer and Business segment serves individuals as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management Credit Administration Finance Treasury Operations and Technology.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *