Associated Banc-Corp (NYSE:ASB)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research note issued on Friday. They currently have a $26.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 5.05% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and set a $27.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 7th. Morgan Stanley reissued an “equal weight” rating and set a $25.00 target price (up from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. BidaskClub raised Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Associated Banc-Corp currently has a consensus rating of “Hold” and an average target price of $25.05.

Associated Banc-Corp (NYSE ASB) traded down 4.545% during midday trading on Friday, reaching $23.625. The company’s stock had a trading volume of 2,069,427 shares. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 17.631 and a beta of 1.17. The stock’s 50-day moving average price is $24.87 and its 200-day moving average price is $24.87. Associated Banc-Corp has a 12 month low of $17.77 and a 12 month high of $26.70.

Associated Banc-Corp (NYSE:ASB) last posted its earnings results on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $266.23 million for the quarter, compared to the consensus estimate of $273.29 million. Associated Banc-Corp had a net margin of 18.36% and a return on equity of 7.20%. During the same period in the prior year, the business posted $0.31 earnings per share. Analysts predict that Associated Banc-Corp will post $1.45 EPS for the current year.

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In other news, insider David L. Stein sold 8,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $25.11, for a total value of $200,880.00. Following the sale, the insider now directly owns 37,518 shares of the company’s stock, valued at $942,076.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Yee sold 2,330 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $25.46, for a total value of $59,321.80. Following the completion of the sale, the insider now directly owns 69,852 shares in the company, valued at $1,778,431.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,330 shares of company stock worth $508,302. 1.80% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ASB. Vanguard Group Inc. boosted its stake 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 stake 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. Victory Capital Management Inc. boosted its stake 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. Alliancebernstein L.P. boosted its stake in Associated Banc-Corp by 3.5% in the first quarter. Alliancebernstein L.P. now owns 4,030,860 shares of the bank’s stock valued at $98,353,000 after buying an additional 134,916 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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. Institutional investors and hedge funds own 77.90% 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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