Associated Banc Corp Given “Neutral” Rating at Macquarie (ASBC)
Associated Banc Corp (NASDAQ:ASBC)‘s stock had its “neutral” rating reiterated by investment analysts at Macquarie in a note issued to investors on Monday. They currently have a $17.50 price objective on the stock, up from their previous price objective of $17.00. Macquarie’s price objective would suggest a potential downside of 2.34% from the stock’s previous close.
A number of other firms have also recently commented on ASBC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Associated Banc Corp from $17.50 to $18.00 in a research note on Friday. Separately, analysts at Robert W. Baird raised their price target on shares of Associated Banc Corp from $17.00 to $18.00 in a research note on Friday. Finally, analysts at Barclays raised their price target on shares of Associated Banc Corp from $17.00 to $19.00 in a research note on Wednesday, July 9th. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.55.
Shares of Associated Banc Corp (NASDAQ:ASBC) traded up 0.20% on Monday, hitting $17.955. 960,525 shares of the company’s stock traded hands. Associated Banc Corp has a 1-year low of $15.06 and a 1-year high of $19.06. The stock has a 50-day moving average of $18.09 and a 200-day moving average of $17.43. The company has a market cap of $2.863 billion and a price-to-earnings ratio of 16.29.
Associated Banc Corp (NASDAQ:ASBC) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, analysts predict that Associated Banc Corp will post $1.14 earnings per share for the current fiscal year.
Associated Banc-Corp (NASDAQ:ASBC) is a bank holding company.
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