Associated Banc-Corp (ASB) : Traders are bullish on Associated Banc-Corp (ASB) as it has outperformed the S&P 500 by a wide margin of 6.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.84% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Associated Banc-Corp is up 8.8% in the last 3-month period. Year-to-Date the stock performance stands at 6.7%. The stock has recorded a 20-day Moving Average of 4.49% and the 50-Day Moving Average is 9.9%.
Associated Banc-Corp (NYSE:ASB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.53 and $19.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.76, notching a gain of 0.66% for the day. The total traded volume was 691,840 . The stock had closed at $19.63 on the previous day.
Also, Equity Analysts at the Barclays maintains the rating on Associated Banc-Corp (NYSE:ASB). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $19 per share to $20 per share. The rating by the firm was issued on August 16, 2016.
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.