Stock Worth Mentioning Today: Institutional Investors Are Buying Associated Banc-corp (NYSE:ASB)

November 22, 2016 - By kentuckypostne   ·   0 Comments

Stock Worth Mentioning Today: Institutional Investors Are Buying Associated Banc corp (NYSE:ASB)

Sentiment for Associated Banc-corp (NYSE:ASB)

Associated Banc-corp (NYSE:ASB) institutional sentiment NaN in Q2 2016. Its in 2016Q1. The ratio [12345], as 0 funds increased or opened new positions, while 0 reduced and sold stock positions in Associated Banc-corp. The funds in our partner’s database now have: 24,898 shares, without change from 24,898 shares in 2016Q1. Also, the number of funds holding Associated Banc-corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 0 Increased: 0 New Position: 0.

Associated Banc-Corp is a bank holding company. The company has a market cap of $3.48 billion. The Company, through its banking subsidiary Associated Bank, National Association and various nonbanking subsidiaries, provides a range of banking and nonbanking services and products to individuals. It has a 19.23 P/E ratio. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

It is down 24.80% since April 20, 2016 and is uptrending. It has outperformed by 20.24% the S&P500.

According to Zacks Investment Research, “Associated Banc-Corp is a diversified multibank holding company. The company has banking offices serving communities in Wi., Il. and Min. The company offers a full range of traditional banking services such as: Business banking, Trust, asset management, and investment services, Retail banking, Private banking, Credit and debit cards, Personal loans, Full-service, discount and online investment brokerage, Personal trust, Employee benefit plan investment management, Insurance, Leasing, Correspondent banking, Cash management services, International banking.”

Associated Banc holds 3.46% of its portfolio in Associated Banc Corp for 3.14 million shares. Legacy Private Trust Co. owns 413,722 shares or 1.03% of their US portfolio. Moreover, Cramer Rosenthal Mcglynn Llc has 1.03% invested in the company for 3.71 million shares. The Wisconsin-based Thompson Investment Management Inc. has invested 0.92% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 841,299 shares.#img1#

Associated Banc Corp (NYSE:ASB) Ratings Coverage

Ratings analysis reveals 33% of Associated Banc’s analysts are positive. Out of 6 Wall Street analysts rating Associated Banc, 2 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19 while the high is $21. The stock’s average target of $19.75 is -13.38% below today’s ($22.8) share price. ASB was included in 8 notes of analysts from October 9, 2015. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, August 16. Barclays Capital maintained Associated Banc Corp (NYSE:ASB) rating on Friday, October 9. Barclays Capital has “Equal-Weight” rating and $20 price target. Stephens initiated Associated Banc Corp (NYSE:ASB) on Tuesday, January 12 with “Equal-Weight” rating. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, January 13. The rating was maintained by RBC Capital Markets on Friday, January 22 with “Sector Perform”. The firm earned “Underperform” rating on Friday, April 1 by Macquarie Research.

ASB Company Profile

Associated Banc-Corp, incorporated on October 20, 1964, 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 nonbanking services and products to individuals. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Firm has over 200 banking offices serving over 100 communities, which are located in Wisconsin, Illinois and Minnesota.

More news for Associated Banc Corp (NYSE:ASB) were recently published by: Prnewswire.com, which released: “Associated Banc-Corp Announces Increase in Common Stock Dividend” on October 25, 2016. Prnewswire.com‘s article titled: “Ultimate Wild® Fan Program invites fans to show their team pride” and published on October 27, 2016 is yet another important article.

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By kentuckypostne


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