Associated Banc Corp (NYSE:ASB) has been downgraded to Hold in a report by Jefferies Group today.
- Updated: November 28, 2016
Jefferies Group has downgraded Associated Banc Corp (NYSE:ASB) to Hold in a report released on 11/28/2016.
Having a price of $23.00, Associated Banc Corp (NYSE:ASB) traded -1.52% lower on the day. With the last stock price up 18.63% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ASB has recorded a 50-day average of $20.69 and a two hundred day average of $19.09. Volume of trade was down over the average, with 168,454 shares of ASB changing hands under the typical 860,233
With a total market value of $0, Associated Banc Corp has 52 week low of $15.45 and a 52 week high of $23.60 with a P/E ratio of 19.03 .
In addition to Jefferies Group reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average price target is $18.64 with one analyst rating the company a strong buy, one brokerage rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Associated Banc Corp (NYSE:ASB)
Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Company has over 200 banking offices serving over 100 communities, which are located in Wisconsin, Illinois and Minnesota. Corporate and Commercial Specialty segment serves a range of customers, including businesses, developers, not-for-profits, municipalities and financial institutions. Community, Consumer, and Business segment serves individuals, as well as small and mid-size businesses. Risk Management and Shared Services segment includes Corporate Risk Management, Credit Administration, Finance, Treasury, Operations and Technology, which are shared functions.
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