Jefferies & Co downgraded Associated Banc (NYSE:ASB) from Buy to Hold in a report released today.
- Updated: November 28, 2016
Jefferies & Co has downgraded Associated Banc (NYSE:ASB) from Buy to Hold in a report released on 11/28/2016.
Yesterday Associated Banc (NYSE:ASB) traded -1.52% lower at $22.55. The company’s 50-day moving average is $20.69 and its 200-day moving average is $19.09. The last closing price is up 18.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 168,454 shares of ASB traded hands, down from an average trading volume of 860,233
With a total market value of $0, Associated Banc has PE ratio of 19.03 with a one year low of $15.45 and a one year high of $23.60 .
A total of 11 equity analysts have released a research note on the stock. 1 firm rating the company a strong buy, one brokerage rating the company a buy, 11 brokers rating the stock a hold, 1 broker rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $18.64.
About Associated Banc (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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