Zacks Investment Research downgraded Associated Banc Corp (NYSE:ASB) to Hold in a report released today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Associated Banc Corp (NYSE:ASB) to Hold in a report released on 10/7/2016.
Previously on 10/03/2016, DA Davidson reported about Associated Banc Corp (NYSE:ASB) raised the target price from $0.00 to $18.00. At the time, this indicated a possible downside of -0.08%.
Yesterday Associated Banc Corp (NYSE:ASB) traded -0.15% lower at $19.57. The company’s 50-day moving average is $19.58 and its 200-day moving average is $18.36. The last stock close price is up 6.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 313,578 shares of the stock were exchanged, down from an average trading volume of 742,272
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Associated Banc Corp has a 52 week low of $15.45 and a 52 week high of $20.90 with a P/E ratio of 16.92 ASB’s total market value is presently $0.
A total of 11 equity analysts have released a ratings update on ASB. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $18.64.
Brief Synopsis 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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