SunTrust Robinson Keeps a Hold Rating on Associated Banc-Corp

By Austin Angelo

SunTrust Robinson analyst Jennifer Demba reiterated a Hold rating on Associated Banc-Corp (NYSE: ASB) on October 10 and set a price target of $24. The company’s shares opened today at $24.70.

According to, Demba is a 5-star analyst with an average return of 11.1% and a 85.0% success rate. Demba covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Pinnacle Financial Partners, and Atlantic Capital Bancshares.

Currently, the analyst consensus on Associated Banc-Corp is Hold and the average price target is $24.67, representing a -0.1% downside.

In a report issued on September 29, Robert W. Baird also reiterated a Hold rating on the stock with a $25 price target.

Associated Banc-Corp’s market cap is currently $3.79B and has a P/E ratio of 17.73. The company has a book value ratio of 1.2510.

Based on the recent corporate insider activity of 207 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, 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.