Associated Banc-Corp (NYSE:ASB) was upgraded by stock analysts at DA Davidson from an “underperform” rating to a “neutral” rating in a report released on Wednesday.

A number of other research firms have also commented on ASB. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price target on shares of Associated Banc-Corp in a report on Friday, July 7th. BidaskClub upgraded shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price target on shares of Associated Banc-Corp in a report on Sunday, June 11th. Zacks Investment Research lowered shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price target (up from $24.00) on shares of Associated Banc-Corp in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.

Shares of Associated Banc-Corp (ASB) opened at 21.50 on Wednesday. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70. The firm has a market capitalization of $3.26 billion, a PE ratio of 15.47 and a beta of 1.17. The firm has a 50-day moving average of $22.87 and a 200-day moving average of $24.28.

Associated Banc-Corp (NYSE:ASB) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. The company had revenue of $266.23 million during the quarter, compared to analyst estimates of $273.29 million. During the same period in the prior year, the business posted $0.31 EPS. Equities analysts anticipate that Associated Banc-Corp will post $1.43 earnings per share for the current year.

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In other Associated Banc-Corp news, insider Christopher C. Piotrowski sold 16,218 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $23.55, for a total value of $381,933.90. Following the completion of the transaction, the insider now directly owns 30,479 shares in the company, valued at approximately $717,780.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip B. Flynn sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $23.61, for a total transaction of $236,100.00. Following the completion of the transaction, the chief executive officer now owns 127,585 shares of the company’s stock, valued at $3,012,281.85. The disclosure for this sale can be found here. Insiders sold a total of 38,772 shares of company stock valued at $914,334 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC increased its stake in shares of Associated Banc-Corp by 61.0% in the 1st quarter. Acrospire Investment Management LLC now owns 4,830 shares of the bank’s stock worth $118,000 after acquiring an additional 1,830 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of Associated Banc-Corp by 40.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock worth $140,000 after acquiring an additional 1,597 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Associated Banc-Corp by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after acquiring an additional 549 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Associated Banc-Corp by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the bank’s stock worth $156,000 after acquiring an additional 30 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Associated Banc-Corp by 73.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after acquiring an additional 3,360 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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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