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Associated Banc Corp (NASDAQ:ASBC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Tuesday. They currently have a $19.00 price objective on the stock. Zacks‘s target price would indicate a potential upside of 5.09% from the stock’s previous close.

Zacks’ analyst wrote, “Associated Banc-Corp’s first-quarter 2014 earnings surpassed the Zacks Consensus Estimate. Improvement in net interest income (NII) and prudish expense management were the positives for the quarter. However, these were partially offset by a fall in non-interest income and higher provisions. Further, while capital ratios deteriorated, profitability ratios and credit quality were a mixed bag. Nonetheless, we expect capital ratios to stabilize, given the gradual recovery in the economy. Also, enhanced capital deployment activities will reinstate investors’ confidence in the stock. However, considerable exposure to commercial loans, continuous rise in operating expenses and concentration risks arising from limited geographic diversification keep us apprehensive.”

Shares of Associated Banc Corp (NASDAQ:ASBC) traded up 2.88% on Tuesday, hitting $18.60. 964,026 shares of the company’s stock traded hands. Associated Banc Corp has a 52-week low of $15.06 and a 52-week high of $18.70. The stock’s 50-day moving average is $17.63 and its 200-day moving average is $17.3. The company has a market cap of $2.966 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 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.02. During the same quarter in the prior year, the company posted $0.27 earnings per share. Analysts expect that Associated Banc Corp will post $1.12 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Associated Banc Corp in a research note on Monday, April 21st. They now have a $19.50 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.10.

Associated Banc-Corp (NASDAQ:ASBC) is a bank holding company.

To view Zacks’ full report, visit Zacks’ official website.

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