Associated Banc (NYSE:ASB) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Associated Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Morgan Stanley cut their price target on shares of Associated Banc from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Barclays reaffirmed a “hold” rating and set a $28.00 price target on shares of Associated Banc in a research report on Tuesday, January 30th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price target on shares of Associated Banc in a research report on Sunday, January 28th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $27.00 price target on shares of Associated Banc in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.30.
Shares of Associated Banc (NYSE:ASB) opened at $24.35 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. The company has a market cap of $3,845.29, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. Associated Banc has a 1 year low of $20.95 and a 1 year high of $27.20.
In other news, CEO Philip B. Flynn sold 10,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $25.08, for a total transaction of $250,800.00. Following the transaction, the chief executive officer now owns 122,457 shares in the company, valued at $3,071,221.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Moral-Niles Christopher Del sold 4,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $26.59, for a total transaction of $106,360.00. The disclosure for this sale can be found here. Insiders have sold 143,018 shares of company stock worth $3,633,598 in the last quarter. Company insiders own 2.13% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ASB. Landaas & Co. WI ADV raised its holdings in shares of Associated Banc by 98.8% in the 4th quarter. Landaas & Co. WI ADV now owns 4,208 shares of the bank’s stock worth $107,000 after acquiring an additional 2,091 shares during the last quarter. QS Investors LLC raised its holdings in shares of Associated Banc by 1,369.9% in the 4th quarter. QS Investors LLC now owns 5,027 shares of the bank’s stock worth $128,000 after acquiring an additional 4,685 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Associated Banc in the 3rd quarter worth about $157,000. Savant Capital LLC acquired a new stake in shares of Associated Banc in the 4th quarter worth about $202,000. Finally, JOYN Advisors Inc. acquired a new stake in shares of Associated Banc in the 4th quarter worth about $209,000. Institutional investors own 77.51% of the company’s stock.
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Associated Banc 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.
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