Jefferies downgraded Assoc Banc-Corp (NYSE:ASB) from Buy to Hold in a report released today.
- Updated: November 28, 2016
Yesterday Assoc Banc-Corp (NYSE:ASB) traded -1.52% lower at $23.00. The company’s 50-day moving average is $20.69 and its 200-day moving average is $19.09. The last stock close 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 the stock were exchanged, down from an average trading volume of 860,233
Jefferies has downgraded Assoc Banc-Corp (NYSE:ASB) from Buy to Hold in a report released on 11/28/2016.
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Assoc Banc-Corp has a 52 week low of $15.45 and a 52 week high of $23.60 with a P/E ratio of 19.03 The company’s market cap is currently $0.
In addition to Jefferies reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $18.64 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 11 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Assoc 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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