Associated Banc-Corp (NYSE:ASB)‘s stock had its “hold” rating reiterated by Jefferies Group LLC in a note issued to investors on Friday. They currently have a $27.00 price objective on the bank’s stock. Jefferies Group LLC’s target price suggests a potential upside of 21.35% from the stock’s previous close.

ASB has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Associated Banc-Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Piper Jaffray Companies set a $25.00 target price on shares of Associated Banc-Corp and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 7th. BidaskClub lowered shares of Associated Banc-Corp from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 target price (up previously from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.00.

Shares of Associated Banc-Corp (NYSE:ASB) traded down 0.89% on Friday, hitting $22.25. 823,519 shares of the stock traded hands. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 16.01 and a beta of 1.16. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70. The stock has a 50-day moving average price of $24.25 and a 200 day moving average price of $24.71.

Associated Banc-Corp (NYSE:ASB) last announced its earnings results on Thursday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $266.23 million for the quarter, compared to analyst estimates of $273.29 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, analysts anticipate that Associated Banc-Corp will post $1.43 earnings per share for the current fiscal year.

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In other Associated Banc-Corp news, CEO Philip B. Flynn sold 10,000 shares of Associated Banc-Corp stock in a transaction on Monday, July 31st. The shares were sold at an average price of $23.61, for a total transaction of $236,100.00. Following the sale, the chief executive officer now owns 127,585 shares in the company, valued at $3,012,281.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John A. Utz sold 8,054 shares of Associated Banc-Corp stock in a transaction on Monday, July 31st. The stock was sold at an average price of $23.62, for a total transaction of $190,235.48. Following the sale, the insider now owns 44,405 shares in the company, valued at approximately $1,048,846.10. The disclosure for this sale can be found here. Insiders have sold 38,772 shares of company stock worth $914,334 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently bought and sold shares of ASB. Vanguard Group Inc. increased its stake in Associated Banc-Corp by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,739,124 shares of the bank’s stock worth $321,025,000 after buying an additional 248,381 shares in the last quarter. State Street Corp increased 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 worth $165,559,000 after buying an additional 641,800 shares in the last quarter. Victory Capital Management Inc. increased 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 worth $126,315,000 after buying an additional 228,539 shares in the last quarter. Alliancebernstein L.P. increased its stake in Associated Banc-Corp by 4.0% in the second quarter. Alliancebernstein L.P. now owns 4,193,941 shares of the bank’s stock worth $105,687,000 after buying an additional 163,081 shares in the last quarter. Finally, Bank of New York Mellon Corp increased 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 worth $90,843,000 after buying an additional 1,118,865 shares in the last quarter. Hedge funds and other institutional investors own 78.54% 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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