In a report released today, David Long from Raymond James reiterated a Hold rating on Associated Banc-Corp (ASB). The company’s shares closed last Friday at $21.40.
According to TipRanks.com, Long is a 3-star analyst with an average return of 3.6% and a 38.8% success rate. Long covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Pinnacle Financial Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Associated Banc-Corp with a $22.00 average price target, a 5.8% upside from current levels. In a report issued on April 12, RBC Capital also maintained a Hold rating on the stock with a $23.00 price target.
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Associated Banc-Corp’s market cap is currently $3.28B and has a P/E ratio of 9.80. The company has a Price to Book ratio of 1.28.
Based on the recent corporate insider activity of 191 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. Most recently, in February 2021, Philip Flynn, the President & CEO of ASB sold 139,747 shares for a total of $2,804,912.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
