Dreman Value Management L L C buys $14.2 Million stake in Associated Banc Corp (ASB)

Associated Banc Corp (ASB) : Dreman Value Management L L C scooped up 44,608 additional shares in Associated Banc Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 809,156 shares of Associated Banc Corp which is valued at $14.2 Million.Associated Banc Corp makes up approximately 1.62% of Dreman Value Management L L C’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in ASB by selling 695,260 shares or 14.35% in the most recent quarter. The Hedge Fund company now holds 4,148,350 shares of ASB which is valued at $72.8 Million. Associated Banc Corp makes up approx 0.02% of Wellington Management Group Llp’s portfolio.Baird Financial Group boosted its stake in ASB in the latest quarter, The investment management firm added 1,843 additional shares and now holds a total of 21,416 shares of Associated Banc Corp which is valued at $375,637.Blackrock Advisors boosted its stake in ASB in the latest quarter, The investment management firm added 3,903 additional shares and now holds a total of 77,678 shares of Associated Banc Corp which is valued at $1.4 Million.Sva Plumb Wealth Management reduced its stake in ASB by selling 2,900 shares or 18.19% in the most recent quarter. The Hedge Fund company now holds 13,044 shares of ASB which is valued at $228,792. Associated Banc Corp makes up approx 0.04% of Sva Plumb Wealth Management’s portfolio.State Treasurer State Of Michigan boosted its stake in ASB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 59,789 shares of Associated Banc Corp which is valued at $1.1 Million. Associated Banc Corp makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

Associated Banc Corp opened for trading at $18.63 and hit $18.98 on the upside on Wednesday, eventually ending the session at $18.84, with a gain of 1.40% or 0.26 points. The heightened volatility saw the trading volume jump to 10,11,087 shares. Company has a market cap of $2,829 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 Apr 26, 2016, Associated Banc Corp announced a cash dividend of $0.1100. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Associated Banc Corp. Associated Banc Corp was Downgraded by Macquarie to ” Underperform” on Apr 1, 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.

Leave a Reply

Associated Banc Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Associated Banc Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.