Jefferies Keeps a Hold Rating on Associated Banc-Corp

By Ryan Adsit

Jefferies analyst Ken Usdin reiterated a Hold rating on Associated Banc-Corp (NYSE: ASB) yesterday and set a price target of $27. The company’s shares closed yesterday at $22.90.

According to, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Associated Banc-Corp is Hold and the average price target is $25, representing a 9.2% upside.

In a report issued on September 6, D.A. Davidson also upgraded the stock to Hold with a $21 price target.

The company has a one year high of $26.70 and a one year low of $18.85. Currently, Associated Banc-Corp has an average volume of 954.9K.

Based on the recent corporate insider activity of 193 insiders, corporate insider sentiment is negative on the stock. Last month, Christopher Piotrowski, the EVP of ASB sold 16,218 shares for a total of $381,862.

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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.