Jefferies Group LLC restated their hold rating on shares of Associated Banc-Corp (NYSE:ASB) in a research report report published on Friday morning. They currently have a $27.00 price target on the bank’s stock.

Other research analysts have also issued research reports about the stock. BidaskClub raised shares of Associated Banc-Corp from a sell rating to a hold rating in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an equal weight rating and issued a $25.00 target price (up previously from $24.00) on shares of Associated Banc-Corp in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Associated Banc-Corp from a hold rating to a buy rating and set a $28.00 target price on the stock in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a hold rating and issued a $26.00 target price on shares of Associated Banc-Corp in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $24.00 target price on shares of Associated Banc-Corp in a research note on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $24.86.

Associated Banc-Corp (NYSE ASB) traded down 0.60% during midday trading on Friday, hitting $24.85. 468,602 shares of the stock traded hands. Associated Banc-Corp has a 1-year low of $17.52 and a 1-year high of $26.70. The stock has a market cap of $3.76 billion, a PE ratio of 18.54 and a beta of 1.17. The company has a 50-day moving average of $24.56 and a 200-day moving average of $24.85.

Associated Banc-Corp (NYSE:ASB) last issued its earnings results on Thursday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $260.11 million for the quarter, compared to analyst estimates of $266.24 million. Associated Banc-Corp had a net margin of 18.36% and a return on equity of 7.20%. During the same quarter last year, the firm earned $0.27 EPS. On average, equities analysts expect that Associated Banc-Corp will post $1.45 EPS for the current fiscal year.

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In related news, insider David L. Stein sold 8,000 shares of Associated Banc-Corp stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $25.11, for a total transaction of $200,880.00. Following the transaction, the insider now owns 37,518 shares of the company’s stock, valued at approximately $942,076.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip B. Flynn sold 10,000 shares of Associated Banc-Corp stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $24.81, for a total transaction of $248,100.00. Following the transaction, the chief executive officer now directly owns 127,585 shares in the company, valued at approximately $3,165,383.85. The disclosure for this sale can be found here. Insiders have sold a total of 20,330 shares of company stock worth $508,302 in the last three months. 1.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Associated Banc-Corp during the fourth quarter valued at $2,175,000. Tudor Investment Corp Et Al bought a new position in shares of Associated Banc-Corp during the fourth quarter worth $304,000. Guggenheim Capital LLC raised its position in shares of Associated Banc-Corp by 54.6% in the fourth quarter. Guggenheim Capital LLC now owns 122,227 shares of the bank’s stock worth $3,019,000 after buying an additional 43,185 shares during the last quarter. Norges Bank bought a new position in shares of Associated Banc-Corp during the fourth quarter worth $50,013,000. Finally, Teachers Advisors LLC raised its position in shares of Associated Banc-Corp by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 168,834 shares of the bank’s stock worth $4,170,000 after buying an additional 8,130 shares during the last quarter. 77.90% of the stock is currently owned by institutional investors and hedge funds.

Associated Banc-Corp Company Profile

Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

Analyst Recommendations for Associated Banc-Corp (NYSE:ASB)

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