Analyst Price Target Update on Associated Banc-Corp (NYSE:ASB)

Associated Banc-Corp (NYSE:ASB) shares are expected to touch $18.89 in the short term. This short term price target has been shared by 9 analysts. However, the standard deviation of short term price estimate has been valued at 1.62. The target price could hit $21 on the higher end and $16 on the lower end.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Macquarie, downgrades their rating on the shares of Associated Banc-Corp (NYSE:ASB). Macquarie has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 1, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Utz John A., officer (Executive Vice President) of Associated Banc-Corp, had unloaded 6,000 shares at an average price of $18.8 in a transaction dated on June 2, 2016. The total value of the transaction was worth $112,800.

Associated Banc-Corp (NYSE:ASB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.22 points or 1.22% at $17.83 with 1,010,321 shares getting traded. Post opening the session at $17.91, the shares hit an intraday low of $17.77 and an intraday high of $18.12 and the price was in this range throughout the day. The company has a market cap of $2,677 million and the number of outstanding shares have been calculated to be 150,136,400 shares. The 52-week high of Associated Banc-Corp (NYSE:ASB) is $20.95 and the 52-week low is $15.45.

Associated Banc-Corp (Associated) is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (Associated Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers, including businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer, and 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.

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