In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on Associated Banc-Corp (ASB – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $21.88.
According to TipRanks, Mcgratty is a 5-star analyst with an average return of 11.0% and a 64.52% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Webster Financial, Associated Banc-Corp, and Comerica.
Currently, the analyst consensus on Associated Banc-Corp is a Hold with an average price target of $20.75, which is a -5.16% downside from current levels. In a report released on January 10, RBC Capital also maintained a Hold rating on the stock with a $22.00 price target.
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ASB market cap is currently $3.3B and has a P/E ratio of 8.93.
Based on the recent corporate insider activity of 194 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASB in relation to earlier this year. Last month, John Utz, the EVP of ASB sold 14,755.00 shares for a total of $287,574.95.
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Associated Banc-Corp (ASB) Company Description:
Associated Banc-Corp. operates as a bank holding company, which offers various banking and non-banking financial services to individuals and businesses through its subsidiaries. It operates through the following segments: Corporate and Commercial Specialty; Community, Consumer and Business; and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves customers including businesses, developers, non-profits, municipalities and financial institutions. The Community, Consumer & Business segment serves individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes corporate risk management, credit administration, finance, treasury, operations and technology shared functions. The company was founded in 1964 and is headquartered in Green Bay, WI.
Read More on ASB:
- Associated Banc-Corp Reports Full Year 2023 Earnings of $1.13 Per Common Share, or $2.27 Per Common Share(1) Excluding One Time Items Recognized During the Fourth Quarter
- ASB Earnings this Week: How Will it Perform?
- Associated Banc-Corp price target raised by $1 at Keefe Bruyette, here’s why
- Associated Banc-Corp management to meet virtually with Piper Sandler
