Associated Banc-Corp Gets a Hold Rating from Robert W. Baird

By Ryan Adsit

Robert W. Baird analyst David George reiterated a Hold rating on Associated Banc-Corp (NYSE: ASB) yesterday and set a price target of $25. The company’s shares closed yesterday at $22.20.

According to TipRanks.com, George is a 4-star analyst with an average return of 8.7% and a 71.3% success rate. George covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Capital One Financial, and Fifth Third Bancorp.

Currently, the analyst consensus on Associated Banc-Corp is Hold and the average price target is $25.80, representing a 16.2% upside.

In a report issued on August 11, Jefferies also reiterated a Hold rating on the stock with a $27 price target.

Based on Associated Banc-Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $302 million and quarterly net profit of $57.65 million. In comparison, last year the company earned revenue of $284 million and had a net profit of $48.58 million.

Based on the recent corporate insider activity of 212 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Christopher Piotrowski, the EVP of ASB sold 16,218 shares for a total of $381,862.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Associated Banc-Corp. operates as a bank holding company, through which offers various banking and nonbanking financial services to individuals and businesses. It operates through the following segments: Corporate and Commercial Specialty, Community, Consumer & Business, and Risk Management and Shared Services.