Maltese Capital Management Llc Decreased Associated Banc Corp (NYSE:ASB) Stake By $11.21 Million

August 12, 2018 - By Richard Slagle

Associated Banc-Corp (NYSE:ASB) LogoInvestors sentiment increased to 2.06 in Q1 2018. Its up 0.72, from 1.34 in 2017Q4. It is positive, as 22 investors sold ASB shares while 44 reduced holdings. 36 funds opened positions while 100 raised stakes. 129.10 million shares or 10.08% more from 117.28 million shares in 2017Q4 were reported. Great West Life Assurance Can holds 0.01% or 106,016 shares. International Grp invested 0.03% of its portfolio in Associated Banc-Corp (NYSE:ASB). Utah Retirement Systems owns 0.02% invested in Associated Banc-Corp (NYSE:ASB) for 31,428 shares. Badgley Phelps And Bell owns 10,000 shares. Wesbanco Comml Bank stated it has 27,337 shares. Victory Cap Mngmt owns 5.12M shares. Adage Capital Grp Ltd Co owns 50,000 shares. Dalton Greiner Hartman Maher & holds 1.49% or 888,781 shares in its portfolio. Pzena Mngmt Ltd Company reported 0.28% of its portfolio in Associated Banc-Corp (NYSE:ASB). Oregon Pub Employees Retirement Fund holds 0.02% or 63,758 shares in its portfolio. Wells Fargo And Mn invested in 2.01M shares or 0.01% of the stock. Rhumbline Advisers holds 0.02% in Associated Banc-Corp (NYSE:ASB) or 294,852 shares. State Street has invested 0.02% of its portfolio in Associated Banc-Corp (NYSE:ASB). Moreover, Numerixs Investment has 0.01% invested in Associated Banc-Corp (NYSE:ASB) for 1,700 shares. First Quadrant L P Ca accumulated 64,272 shares or 0.03% of the stock.

Maltese Capital Management Llc decreased its stake in Associated Banc Corp (NYSE:ASB) by 45.61% based on its latest 2018Q2 regulatory filing with the SEC. Maltese Capital Management Llc sold 415,042 shares as the company’s stock rose 9.50% while stock markets declined. The institutional investor held 495,000 shares of the major banks company at the end of 2018Q2, valued at $13.51M, down from 910,042 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Associated Banc Corp for a number of months, seems to be less bullish one the $4.63 billion market cap company. The stock decreased 0.37% or $0.1 during the last trading session, reaching $27. About 828,208 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 13.32% since August 13, 2017 and is uptrending. It has outperformed by 0.75% the S&P500.

Maltese Capital Management Llc is a New York-based institutional investor with more than $1.71 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Maltese Capital Management latest Adv, the fund reported to have 21 full and part-time employees. Among which 13 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Associated Banc-Corp (NYSE:ASB) Ratings Coverage

Among 7 analysts covering Associated Banc-Corp (NYSE:ASB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Associated Banc-Corp had 7 analyst reports since April 19, 2018 according to SRatingsIntel. The company was upgraded on Friday, April 20 by Sandler O’Neill. Barclays Capital maintained it with “Equal-Weight” rating and $30 target in Monday, April 23 report. Jefferies maintained the shares of ASB in report on Wednesday, April 25 with “Hold” rating. The rating was maintained by DA Davidson with “Neutral” on Friday, April 20. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, April 19 report. As per Thursday, April 19, the company rating was maintained by Keefe Bruyette & Woods. Robert W. Baird upgraded the stock to “Buy” rating in Friday, April 20 report.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.63 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 16.67 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging.

Another recent and important Associated Banc-Corp (NYSE:ASB) news was published by Seekingalpha.com which published an article titled: “Associated Banc-Corp (ASB) CEO Philip Flynn on Q2 2018 Results – Earnings Call Transcript” on July 20, 2018.

Associated Banc-Corp (NYSE:ASB) Ratings Chart

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