Associated Banc (NYSE:ASB) had its target price hoisted by Morgan Stanley from $25.50 to $28.00 in a research note published on Wednesday morning. The firm currently has an equal weight rating on the bank’s stock.

Several other research analysts also recently weighed in on the stock. SunTrust Banks restated a hold rating and set a $27.00 price objective on shares of Associated Banc in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Associated Banc from a buy rating to a hold rating in a report on Wednesday, November 1st. Barclays increased their target price on shares of Associated Banc from $26.00 to $27.00 and gave the company an equal weight rating in a report on Monday, October 23rd. Jefferies Group reiterated a hold rating and issued a $28.00 target price on shares of Associated Banc in a report on Thursday, October 12th. Finally, Robert W. Baird reiterated a hold rating and issued a $25.00 target price on shares of Associated Banc in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $26.18.

Associated Banc (ASB) traded down $0.20 on Wednesday, reaching $25.10. 994,100 shares of the company’s stock traded hands, compared to its average volume of 903,238. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 0.90. Associated Banc has a 1 year low of $20.95 and a 1 year high of $26.70. The firm has a market capitalization of $3,824.47, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19.

Associated Banc (NYSE:ASB) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Associated Banc had a net margin of 19.54% and a return on equity of 7.81%. The firm had revenue of $276.02 million for the quarter, compared to the consensus estimate of $276.88 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. analysts forecast that Associated Banc will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.3828 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.53 dividend on an annualized basis and a yield of 6.10%. Associated Banc’s dividend payout ratio (DPR) is presently 38.36%.

In related news, insider William M. Bohn sold 15,946 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $26.00, for a total transaction of $414,596.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Moral-Niles Christopher Del sold 1,476 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.00, for a total transaction of $38,376.00. Following the sale, the chief financial officer now owns 81,784 shares of the company’s stock, valued at approximately $2,126,384. The disclosure for this sale can be found here. Insiders have sold 61,426 shares of company stock valued at $1,558,805 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in Associated Banc by 47.2% during the second quarter. BNP Paribas Arbitrage SA now owns 57,517 shares of the bank’s stock worth $1,449,000 after purchasing an additional 18,435 shares during the period. Wells Fargo & Company MN boosted its position in Associated Banc by 2.2% during the second quarter. Wells Fargo & Company MN now owns 1,840,826 shares of the bank’s stock worth $46,389,000 after purchasing an additional 38,996 shares during the period. Vanguard Group Inc. boosted its position in Associated Banc by 2.0% during the second quarter. Vanguard Group Inc. now owns 12,739,124 shares of the bank’s stock worth $321,025,000 after purchasing an additional 248,381 shares during the period. State of Tennessee Treasury Department boosted its position in Associated Banc by 20.0% during the second quarter. State of Tennessee Treasury Department now owns 240,000 shares of the bank’s stock worth $6,048,000 after purchasing an additional 40,000 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Associated Banc during the third quarter worth about $677,000. Institutional investors and hedge funds own 77.45% of the company’s stock.

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About Associated Banc

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 non-banking 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.

Analyst Recommendations for Associated Banc (NYSE:ASB)

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