Wells Fargo analyst Jared Shaw upgraded Associated Banc-Corp (ASB) to Hold today. The company’s shares closed last Friday at $12.69.
According to TipRanks.com, Shaw is a 2-star analyst with an average return of -0.4% and a 50.8% success rate. Shaw covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pinnacle Financial Partners, and People’s United Financial.
Currently, the analyst consensus on Associated Banc-Corp is a Hold with an average price target of $18.50, representing a 46.2% upside. In a report issued on March 16, SunTrust Robinson also maintained a Hold rating on the stock with a $15.00 price target.
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Associated Banc-Corp’s market cap is currently $1.98B and has a P/E ratio of 6.60. The company has a Price to Book ratio of 0.85.
Based on the recent corporate insider activity of 204 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.
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.
