Insider Selling Alert: Associated Banc-Corp (ASB) Executive Vice President Sells Shares Worth $141,635
Associated Banc-Corp (NYSE:ASB) executive vice president David L. Stein recently sold 6,231 shares of the company's common stock, totaling approximately $141,635 at an average weighted price of $22.7308 per share. This insider transaction could provide valuable insights into the company's future prospects and valuation.
Stein's direct and indirect holdings in Associated Banc-Corp include 49,297 shares held by trust and 80,798 shares held directly. Investors often pay close attention to insider transactions as they can indicate executives' views on the company's performance.
Associated Banc-Corp, a state commercial bank based in Green Bay, Wisconsin, has a long history dating back to 1977. The company's shares are traded on the New York Stock Exchange under the ticker symbol ASB.
In other news, Associated Banc-Corp reported a second-quarter EPS of $0.74, boosted by a one-time tax benefit. Analysts predict the company will remain profitable this year. The bank is focused on customer growth, profitability, and digital transformation.
Analyzing the real-time data, Associated Banc-Corp's market capitalization is $3.39 billion, with a P/E ratio of 19.18. Despite a revenue decline of 21.33%, the company maintains a strong operating income margin of 25.62%.
Investors can access 7 InvestingPro Tips for additional insights on Associated Banc-Corp's financial health and future outlook. Overall, this insider selling alert and financial analysis provide valuable information for investors looking to make informed decisions about their portfolios.