Russell Investments Group Ltd. diminished its place in Related Banc-Corp (NYSE:ASB – Get Score) by 4.7% within the 1st quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency owned 36,208 shares of the financial institution’s inventory after promoting 1,800 shares through the quarter. Russell Investments Group Ltd.’s holdings in Related Banc had been price $821,000 on the finish of the newest quarter.
A number of different hedge funds and different institutional buyers have additionally lately purchased and bought shares of ASB. Goldman Sachs Group Inc. lifted its holdings in shares of Related Banc by 160.9% through the fourth quarter. Goldman Sachs Group Inc. now owns 2,913,446 shares of the financial institution’s inventory valued at $65,815,000 after buying an extra 1,796,682 shares through the interval. Charles Schwab Funding Administration Inc. lifted its holdings in shares of Related Banc by 9.7% through the fourth quarter. Charles Schwab Funding Administration Inc. now owns 1,764,193 shares of the financial institution’s inventory valued at $39,854,000 after buying an extra 156,208 shares through the interval. LMR Companions LLP purchased a brand new place in shares of Related Banc through the fourth quarter valued at $15,372,000. Invesco Ltd. lifted its holdings in shares of Related Banc by 15.9% through the fourth quarter. Invesco Ltd. now owns 676,047 shares of the financial institution’s inventory valued at $15,273,000 after buying an extra 92,618 shares through the interval. Lastly, American Century Corporations Inc. lifted its holdings in shares of Related Banc by 33.2% through the fourth quarter. American Century Corporations Inc. now owns 389,072 shares of the financial institution’s inventory valued at $8,789,000 after buying an extra 96,961 shares through the interval. 77.34% of the inventory is owned by institutional buyers.
Related Banc Inventory Efficiency
Shares of NYSE:ASB opened at $21.81 on Friday. The enterprise has a fifty day shifting common of $19.42 and a 200-day shifting common of $21.24. The corporate has a debt-to-equity ratio of 0.93, a fast ratio of 0.91 and a present ratio of 0.92. The agency has a market cap of $3.28 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07. Related Banc-Corp has a twelve month low of $17.45 and a twelve month excessive of $25.78.
Related Banc (NYSE:ASB – Get Score) final introduced its quarterly earnings information on Thursday, July 21st. The financial institution reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Related Banc had a return on fairness of 8.63% and a web margin of 28.30%. Throughout the identical interval final yr, the enterprise earned $0.56 earnings per share. On common, equities analysis analysts predict that Related Banc-Corp will submit 2.18 EPS for the present fiscal yr.
Related Banc Declares Dividend
The corporate additionally lately disclosed a quarterly dividend, which can be paid on Thursday, September 15th. Traders of document on Thursday, September 1st can be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.80 dividend on an annualized foundation and a yield of three.67%. Related Banc’s payout ratio is 38.46%.
Wall Avenue Analyst Weigh In
Numerous analysis analysts have issued stories on ASB shares. Jefferies Monetary Group minimize their value goal on Related Banc from $23.00 to $20.00 in a report on Monday, July 11th. Wells Fargo & Firm raised their goal value on Related Banc to $28.00 in a analysis be aware on Friday, July 22nd. Lastly, Stephens raised their goal value on Related Banc to $22.00 in a analysis be aware on Monday, July 25th. One analyst has rated the inventory with a promote score, 4 have given a maintain score and one has assigned a purchase score to the corporate. In keeping with information from MarketBeat.com, the inventory presently has a median score of “Maintain” and a median value goal of $23.50.
About Related Banc
Related Banc-Corp, a financial institution holding firm, supplies varied banking and nonbanking merchandise to people and companies in Wisconsin, Illinois, and Minnesota. The corporate operates by means of three segments: Company and Industrial Specialty; Group, Shopper, and Enterprise; and Danger Administration and Shared Companies.
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