The stock of Associated Banc Corp (NYSE:ASB) reached all time high today, Nov, 10 and still has $30.44 target or 39.00% above today’s $21.90 share price. This indicates more upside for the $3.45 billion company. This technical setup was reported by Barchart.com. If the $30.44 PT is reached, the company will be worth $1.35 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 359,237 shares traded hands. Associated Banc Corp (NYSE:ASB) has risen 27.34% since April 8, 2016 and is uptrending. It has outperformed by 21.70% the S&P500.
Associated Banc Corp (NYSE:ASB) Ratings Coverage
Out of 6 analysts covering Associated Banc (NYSE:ASB), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Associated Banc has been the topic of 8 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Stephens initiated Associated Banc Corp (NYSE:ASB) on Tuesday, January 12 with “Equal-Weight” rating. The stock of Associated Banc Corp (NYSE:ASB) has “Buy” rating given on Wednesday, January 13 by Deutsche Bank. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, August 16 report. The company was maintained on Friday, October 9 by Barclays Capital. On Friday, April 1 the stock rating was downgraded by Macquarie Research to “Underperform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 22 report.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.08, from 1.16 in 2016Q1. The ratio dropped, as 22 funds sold all Associated Banc Corp shares owned while 61 reduced positions. 13 funds bought stakes while 77 increased positions. They now own 109.36 million shares or 3.77% less from 113.65 million shares in 2016Q1.
The Wisconsin-based Annex Advisory Svcs Limited Liability has invested 0.13% in Associated Banc Corp (NYSE:ASB). Allianz Asset Mgmt Ag holds 0% of its portfolio in Associated Banc Corp (NYSE:ASB) for 17,051 shares. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.02% in Associated Banc Corp (NYSE:ASB). Wedge L Ltd Partnership Nc has invested 0.01% of its portfolio in Associated Banc Corp (NYSE:ASB). Blackrock Advsrs Limited Liability Company last reported 83,717 shares in the company. Shelton Mgmt last reported 0.02% of its portfolio in the stock. Ameriprise Fin Inc last reported 0.01% of its portfolio in the stock. Checchi Cap Advisers Ltd Liability accumulated 1,014 shares or 0% of the stock. Amer International Gru has invested 0% of its portfolio in Associated Banc Corp (NYSE:ASB). Ls Investment Advsrs Limited Liability Corporation, a Michigan-based fund reported 11,828 shares. Jpmorgan Chase And Commerce has invested 0.02% of its portfolio in Associated Banc Corp (NYSE:ASB). Dalton Greiner Hartman Maher And has invested 0.89% of its portfolio in Associated Banc Corp (NYSE:ASB). Ameritas Inv Prns has 23,739 shares for 0.03% of their US portfolio. Stonebridge Advsr Ltd has invested 0.33% of its portfolio in Associated Banc Corp (NYSE:ASB). Federated Investors Inc Pa last reported 81,469 shares in the company.
More notable recent Associated Banc Corp (NYSE:ASB) news were published by: Jsonline.com which released: “Associated Banc-Corp earnings rise 9%” on October 20, 2016, also Prnewswire.com with their article: “Associated Banc-Corp Announces Increase in Common Stock Dividend” published on October 25, 2016, Nasdaq.com published: “Associated Banc-Corp’s Preferred Stock, Series C Yield Pushes Past 6%” on November 09, 2016. More interesting news about Associated Banc Corp (NYSE:ASB) were released by: Biztimes.com and their article: “Associated Banc-Corp profit up 9% in Q3” published on October 21, 2016 as well as Prnewswire.com‘s news article titled: “Associated Banc-Corp to Present at Bank of America Merrill Lynch Conference on …” with publication date: November 01, 2016.
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.
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