Analysts Set Associated Banc-Corp (NYSE:ASB) Price Target at $27.11

Shares of Associated Banc-Corp (NYSE:ASB) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.11.

ASB has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. Stephens reissued an “equal weight” rating and issued a $28.00 target price on shares of Associated Banc in a research report on Tuesday, March 25th. Raymond James dropped their price objective on shares of Associated Banc from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Keefe, Bruyette & Woods boosted their target price on Associated Banc from $29.00 to $30.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company increased their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, January 27th.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the sale, the director now directly owns 49,495 shares of the company’s stock, valued at $1,223,021.45. This trade represents a 12.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Williams sold 2,830 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $25.09, for a total transaction of $71,004.70. Following the completion of the transaction, the director now directly owns 66,915 shares in the company, valued at $1,678,897.35. This trade represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Associated Banc

A number of institutional investors and hedge funds have recently bought and sold shares of ASB. Versant Capital Management Inc grew its position in shares of Associated Banc by 385.5% during the first quarter. Versant Capital Management Inc now owns 1,612 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,280 shares in the last quarter. Wellington Management Group LLP bought a new position in Associated Banc during the fourth quarter valued at approximately $37,662,000. 111 Capital purchased a new position in Associated Banc during the 4th quarter valued at approximately $862,000. Wealth Enhancement Advisory Services LLC increased its stake in Associated Banc by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,652 shares of the bank’s stock worth $541,000 after acquiring an additional 3,191 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Associated Banc during the 4th quarter worth approximately $7,831,000. 82.98% of the stock is currently owned by institutional investors.

Associated Banc Stock Down 3.3 %

Shares of NYSE:ASB opened at $19.36 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market capitalization of $3.21 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The firm has a fifty day moving average of $23.62 and a 200 day moving average of $24.02. Associated Banc has a 52-week low of $18.36 and a 52-week high of $28.18.

Associated Banc (NYSE:ASB) last released its earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. As a group, research analysts anticipate that Associated Banc will post 2.43 EPS for the current fiscal year.

Associated Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, March 3rd. Associated Banc’s payout ratio is currently 116.46%.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.