In a report issued on August 4, David Long from Raymond James reiterated a Hold rating on Associated Banc-Corp (ASB). The company’s shares closed last Monday at $13.57.
According to TipRanks.com, Long is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -10.1% and a 23.3% success rate. Long covers the Financial sector, focusing on stocks such as Enterprise Financial Services, Pinnacle Financial Partners, and First Financial Bancorp.
Associated Banc-Corp has an analyst consensus of Hold, with a price target consensus of $13.50, implying a 1.7% upside from current levels. In a report issued on July 23, RBC Capital also maintained a Hold rating on the stock with a $14.00 price target.
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The company has a one-year high of $22.60 and a one-year low of $10.23. Currently, Associated Banc-Corp has an average volume of 1.26M.
Based on the recent corporate insider activity of 207 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASB in relation to earlier this year.
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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.