Associated Banc (ASB) Stock Price Up 0.1% Following Analyst Upgrade

Cornelia Mascio
Aprile 26, 2018

The firm owned 18,163 shares of the bank's stock after buying an additional 1,236 shares during the period. NY's holdings in Associated Banc were worth $1,100,000 at the end of the most recent reporting period. Investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. Year to Date (YTD) performance of Associated Banc-Corp (ASB) is 4.72 percent while its Performance (Week) is 9.47 percent and Performance (month) is at 9.24 percent. Zeke Capital Advisors LLC boosted its stake in shares of Associated Banc by 12.3% during the 4th quarter. BlackRock Inc. now owns 12,786,592 shares of the bank's stock worth $324,779,000 after acquiring an additional 471,331 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Associated Banc by 26.4% during the 4th quarter. World Asset Management Inc now owns 9,393 shares of the bank's stock valued at $229,000 after buying an additional 317 shares during the last quarter.

Associated Banc-Corp (ASB) has a Return on Assets of 0.7 percent, Return on Investment of 9.6 percent and a Return on Equity of 7.3 percent. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,773 shares of the bank's stock worth $223,000 after purchasing an additional 2,842 shares during the period. AXA now owns 34,300 shares of the bank's stock worth $871,000 after purchasing an additional 3,100 shares during the period.

A number of institutional investors and hedge funds have recently bought and sold shares of the business.

CalAmp Corp. (NASDAQ:CAMP) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The company had a trading volume of 1,665,071 shares, compared to its average volume of 1,509,891. The stock has a market cap of $4,027.32, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The company now has an average volume of 1.69 Million. Checking on recent price levels compared to prior highs and lows, we have seen that Banc of California, Inc.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, April 19th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.09. That value represents a market adjusting for revenues that have been growing by 26.47 % on a quarterly year/year basis as of the company's last quarterly report. During the same period in the previous year, the company earned $0.35 EPS. research analysts expect that Associated Banc-Corp will post 1.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 31st.

Associated Banc-Corp is a bank holding company.

A number of equities analysts recently commented on the stock. SunTrust Banks, Inc. upgraded shares of Associated Banc-Corp from a "hold" rating to a "buy" rating in a report on Wednesday, March 29th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $24.00 price objective on shares of Associated Banc-Corp in a report on Thursday, March 23rd. Finally, Robert W. Baird raised shares of Associated Banc from a "neutral" rating to an "outperform" rating in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average target price of $27.20.

In other Associated Banc news, CEO Philip B. Flynn sold 10,000 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $26.75, for a total value of $344,138.75. Following the completion of the transaction, the chief executive officer now directly owns 127,585 shares in the company, valued at approximately $3,165,383.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Timothy J. Lau sold 19,558 shares of the business's stock in a transaction on Monday, March 12th. The stock was sold at an average price of $24.75, for a total transaction of $265,468.50. Following the completion of the sale, the insider now directly owns 36,685 shares in the company, valued at $931,799. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,568 shares of company stock worth $3,621,898. During the past week, the stock's average weekly volatility was 1.81% and 2.60% volatility over the past 30 days.

COPYRIGHT VIOLATION NOTICE: "Guggenheim Capital LLC Has $1.88 Million Stake in Associated Banc-Corp (ASB)" was posted by Week Herald and is the property of of Week Herald.

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