Associated Banc-Corp (NYSE:ASB) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price target on shares of Associated Banc-Corp in a research report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and issued a $27.00 price target on shares of Associated Banc-Corp in a research report on Friday. Morgan Stanley restated an “equal weight” rating and issued a $25.00 price target (up previously from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. Zacks Investment Research upgraded Associated Banc-Corp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $25.00 price target on Associated Banc-Corp and gave the company a “hold” rating in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Associated Banc-Corp has a consensus rating of “Hold” and a consensus target price of $25.00.

Shares of Associated Banc-Corp (NYSE ASB) opened at 22.25 on Friday. The company’s 50-day moving average price is $24.25 and its 200 day moving average price is $24.71. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 16.01 and a beta of 1.16. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70.

Associated Banc-Corp (NYSE:ASB) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $266.23 million for the quarter, compared to analysts’ expectations of $273.29 million. Associated Banc-Corp had a return on equity of 7.43% and a net margin of 18.78%. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities research analysts forecast that Associated Banc-Corp will post $1.43 EPS for the current fiscal year.

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In other Associated Banc-Corp news, insider John A. Utz sold 8,054 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $23.62, for a total transaction of $190,235.48. Following the transaction, the insider now owns 44,405 shares in the company, valued at approximately $1,048,846.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip B. Flynn sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $23.61, for a total value of $236,100.00. Following the transaction, the chief executive officer now owns 127,585 shares in the company, valued at approximately $3,012,281.85. The disclosure for this sale can be found here. Insiders have sold a total of 38,772 shares of company stock worth $914,334 in the last quarter. 1.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Associated Banc-Corp by 43.0% in the first quarter. Bank of New York Mellon Corp now owns 3,723,047 shares of the bank’s stock valued at $90,843,000 after buying an additional 1,118,865 shares during the last quarter. Vanguard Group Inc. boosted its position in Associated Banc-Corp by 6.0% in the first quarter. Vanguard Group Inc. now owns 12,490,743 shares of the bank’s stock valued at $304,775,000 after buying an additional 707,633 shares during the last quarter. State Street Corp boosted its position in Associated Banc-Corp by 10.4% in the first quarter. State Street Corp now owns 6,785,200 shares of the bank’s stock valued at $165,559,000 after buying an additional 641,800 shares during the last quarter. First Quadrant L P CA boosted its position in Associated Banc-Corp by 145.1% in the first quarter. First Quadrant L P CA now owns 423,571 shares of the bank’s stock valued at $10,335,000 after buying an additional 250,790 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Associated Banc-Corp by 4.6% in the first quarter. Victory Capital Management Inc. now owns 5,176,832 shares of the bank’s stock valued at $126,315,000 after buying an additional 228,539 shares during the last quarter. Institutional investors own 78.54% of the company’s stock.

About Associated Banc-Corp

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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