Associated Banc Corp (NYSE:ASB) had its target price lifted by investment analysts at Barclays PLC from $26.00 to $27.00 in a report issued on Monday. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays PLC’s target price would indicate a potential upside of 6.30% from the company’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 target price (up previously from $24.00) on shares of Associated Banc Corp in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 target price on shares of Associated Banc Corp in a report on Friday, August 11th. Zacks Investment Research raised Associated Banc Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $25.00 target price on Associated Banc Corp and gave the company a “hold” rating in a report on Saturday, July 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of Associated Banc Corp in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Associated Banc Corp has an average rating of “Hold” and a consensus target price of $25.50.

Shares of Associated Banc Corp (ASB) traded down 1.93% during midday trading on Monday, hitting $25.40. 901,069 shares of the company were exchanged. The company has a 50-day moving average price of $23.59 and a 200-day moving average price of $24.00. Associated Banc Corp has a 52-week low of $19.30 and a 52-week high of $26.70. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 18.27 and a beta of 1.20.

Associated Banc Corp (NYSE:ASB) last released its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $276.02 million for the quarter, compared to analyst estimates of $276.88 million. Associated Banc Corp had a return on equity of 8.27% and a net margin of 23.55%. During the same quarter last year, the firm posted $0.31 EPS. On average, analysts forecast that Associated Banc Corp will post $1.48 EPS for the current year.

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In other Associated Banc Corp news, insider Christopher C. Piotrowski sold 16,218 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.55, for a total value of $381,933.90. Following the completion of the sale, the insider now owns 30,479 shares in the company, valued at approximately $717,780.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen A. Kamerick sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $23.57, for a total value of $106,065.00. Following the completion of the sale, the director now owns 27,004 shares of the company’s stock, valued at approximately $636,484.28. The disclosure for this sale can be found here. Insiders sold a total of 38,772 shares of company stock valued at $914,334 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its position in shares of Associated Banc Corp by 0.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 27,159 shares of the bank’s stock worth $684,000 after acquiring an additional 123 shares during the period. Citigroup Inc. lifted its position in shares of Associated Banc Corp by 1.0% in the 2nd quarter. Citigroup Inc. now owns 16,135 shares of the bank’s stock worth $407,000 after acquiring an additional 155 shares during the period. World Asset Management Inc lifted its position in shares of Associated Banc Corp by 2.5% in the 2nd quarter. World Asset Management Inc now owns 9,629 shares of the bank’s stock worth $243,000 after acquiring an additional 236 shares during the period. Alpha Windward LLC lifted its position in shares of Associated Banc Corp by 1.6% in the 2nd quarter. Alpha Windward LLC now owns 18,540 shares of the bank’s stock worth $467,000 after acquiring an additional 300 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Associated Banc Corp by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,169 shares of the bank’s stock worth $307,000 after acquiring an additional 384 shares during the period. Institutional investors own 77.47% of the company’s stock.

Associated Banc Corp Company Profile

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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