Associated Banc Corp Reaches New 12-Month High at $18.75 (ASBC)
Shares of Associated Banc Corp (NASDAQ:ASBC) hit a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $18.75 and last traded at $18.62, with a volume of 1,054,277 shares trading hands. The stock had previously closed at $18.08.
A number of research firms have recently commented on ASBC. Analysts at Zacks reiterated a “neutral” rating on shares of Associated Banc Corp in a research note on Tuesday. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Associated Banc Corp in a research note on Tuesday, April 22nd. They now have a $20.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Associated Banc Corp from $15.50 to $17.50 in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Associated Banc Corp presently has an average rating of “Hold” and a consensus price target of $18.10.
The stock has a 50-day moving average of $17.63 and a 200-day moving average of $17.3. The company has a market cap of $2.971 billion and a price-to-earnings ratio of 16.47.
Associated Banc Corp (NASDAQ:ASBC) last announced its earnings results on Thursday, April 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, analysts predict that Associated Banc Corp will post $1.12 earnings per share for the current fiscal year.
Associated Banc-Corp (NASDAQ:ASBC) is a bank holding company.
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