Verition Fund Management 13F: Cuts ASB Stake by $32M

Verition Fund Management Trims Associated Banc-Corp Position

Verition Fund Management pared back its investment in Associated Banc-Corp NYSE:ASB during the period ending May 15, 2026, according to a recent Form 13F filing with the Securities and Exchange Commission. Institutional filings like this one provide a look at portfolio choices from the end of the reporting quarter and might not reflect current trades.

Reduction in Associated Banc-Corp Shares

The fund cut its stake by 36.0%, selling off 1,033,654 shares during the quarter. That left Verition Fund Management with 1,833,518 shares, down from the 2,867,172 shares it held previously. The remaining position carried an estimated value of about $56.4 million at the time of the filing.

Associated Banc-Corp Stock Performance

Associated Banc-Corp shares recently changed hands at $30.77. The regional bank stock trades inside a 52-week range spanning from a low of $23.86 to a high of $32.46. It holds a price-to-earnings ratio of 10.27 and a forward P/E of 8.83, while sitting near its 50-day moving average of $30.88.

Recent Earnings and Financial Health

Associated Banc-Corp reported $1.56 billion in revenue with a net profit margin of 32.5% and a return on equity of 9.7%. The regional bank generated earnings of $2.86 per share over the period. The company's next quarterly earnings report is scheduled for October 22, 2026.

Dividend Payments

The bank pays an annual dividend of $0.96 per share, which translates to a dividend yield of 3.24%. This payout takes up about 33.2% of the company's earnings.

Insider Buying and Selling at Associated Banc-Corp

Company insiders made modest share purchases mid-year. On June 15, 2026, EVP and President of Private Wealth Jayne Hladio bought 13 shares at $29.49 apiece for a total of $383.37. On the same day, EVP and CHRO Julio Manso picked up 34 shares at $29.48 each, spending $1,002.18. Chief Information Officer Williams Terry Lynn acquired 78 shares at $29.49 each for $2,300.22, and Executive Vice President Nicole Kitowski bought 26 shares at $29.49 each, totaling $766.74.

Analysts Set New Price Targets

Wall Street firms have kept a generally positive view on the regional lender. On October 5, 2026, Barclays maintained its Overweight rating and lifted its price target from $34.00 to $35.00. Wells Fargo also maintained an Overweight rating on September 30, 2026, with a target price of $35.00. Earlier, on August 10, 2026, Wells Fargo kept an Overweight rating while raising its target to $36.00. Truist Securities maintains a Hold rating, moving its target from $32.00 to $33.00 on August 4, 2026, after an earlier target adjustment to $32.00 on July 10, 2026. Raymond James previously reiterated its buy rating with a $35.00 target. Overall, the stock carries a consensus buy rating and a mean price target of $34.40 across ten analyst opinions.

Regional Banking Operations

Associated Banc-Corp operates as the holding company for Associated Bank, offering retail, business, and wealth management services across Wisconsin, Illinois, Minnesota, Missouri, and Texas. Headquartered in Green Bay, Wisconsin, the firm employs over 4,100 people and manages regional banking services across the Midwest and beyond.

What to Watch at Associated Banc-Corp

Investors tracking Associated Banc-Corp will look toward the upcoming earnings release in late October for updates on loan growth and net interest margins. Because 13F filings look backward, market participants should check newer filings to see if institutional funds like Verition continue to trim or rebuild their positions.