Shares of Associated Banc-Corp (NYSE:ASB) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.61.

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 price target on shares of Associated Banc-Corp in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 price target on shares of Associated Banc-Corp in a report on Friday, July 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 price target (up previously from $24.00) on shares of Associated Banc-Corp in a report on Thursday, July 6th. Finally, BidaskClub raised shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.

Shares of Associated Banc-Corp (ASB) traded down 5.66% on Friday, reaching $23.35. 3,155,472 shares of the company were exchanged. The company has a market capitalization of $3.54 billion, a P/E ratio of 17.43 and a beta of 1.17. The stock has a 50 day moving average of $24.87 and a 200-day moving average of $24.87. Associated Banc-Corp has a 52-week low of $17.77 and a 52-week high of $26.70.

Associated Banc-Corp (NYSE:ASB) last issued its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Associated Banc-Corp had a net margin of 18.36% and a return on equity of 7.20%. The company had revenue of $266.23 million for the quarter, compared to analyst estimates of $273.29 million. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts predict that Associated Banc-Corp will post $1.45 EPS for the current fiscal year.

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In other Associated Banc-Corp news, insider David L. Stein sold 8,000 shares of the 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 $942,076.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Philip B. Flynn sold 10,000 shares of the 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. In the last ninety days, insiders have sold 20,330 shares of company stock worth $508,302. 1.80% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Associated Banc-Corp by 1.5% in the second quarter. US Bancorp DE now owns 192,623 shares of the bank’s stock valued at $4,854,000 after buying an additional 2,939 shares during the last quarter. State Treasurer State of Michigan raised its stake in Associated Banc-Corp by 1.8% in the second quarter. State Treasurer State of Michigan now owns 62,789 shares of the bank’s stock valued at $1,582,000 after buying an additional 1,100 shares during the last quarter. First Quadrant L P CA raised its stake in Associated Banc-Corp by 23.1% in the second quarter. First Quadrant L P CA now owns 521,506 shares of the bank’s stock valued at $13,142,000 after buying an additional 97,935 shares during the last quarter. Aperio Group LLC raised its stake in Associated Banc-Corp by 19.5% in the second quarter. Aperio Group LLC now owns 44,854 shares of the bank’s stock valued at $1,130,000 after buying an additional 7,316 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in Associated Banc-Corp by 1.6% in the second quarter. Alpha Windward LLC now owns 18,540 shares of the bank’s stock valued at $467,000 after buying an additional 300 shares during the last quarter. 77.90% of the stock is owned by institutional investors.

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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