Analyst Rating Update on Associated Banc-Corp (ASB)

Associated Banc-Corp (NYSE:ASB) has an average broker rating of 2.9, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Associated Banc-Corp (NYSE:ASB) : The most positive equity analysts on Associated Banc-Corp (NYSE:ASB) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $16 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $18.89 with an expected fluctuation of $1.62 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Macquarie downgrades their rating on the shares of Associated Banc-Corp (NYSE:ASB). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on April 1, 2016.

Associated Banc-Corp (NYSE:ASB): stock turned positive on Tuesday. Though the stock opened at $16.13, the bulls momentum made the stock top out at $16.62 level for the day. The stock recorded a low of $15.995 and closed the trading day at $16.49, in the green by 4.10%. The total traded volume for the day was 1,990,107. The stock had closed at $15.84 in the previous days trading.

In an insider trading activity,The officer (Chief Financial Officer) of Associated Banc-Corp, Del Moral-Niles Christopher sold 5,000 shares at $17.87 on June 13, 2016. The Insider selling transaction had a total value worth of $89,350. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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