Associated Banc-Corp – Consensus indicates 7.8% upside potential
Associated Bank-Corp with ticker code (ASB) now have 9 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The target price ranges between 27 and 23, with the average target price standing at 25.67. Given that the stock’s previous close was at 23.82, this indicates that there is upside potential of 7.8%. The 50-day moving average now stands at 24.13 and the 200-day moving average is at 22.2. The market cap of the company is $3,722 million. Company website: https://www.associatedbank.com
The potential market capitalization would be $4,011 million based on market consensus.
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Associated Banc-Corp, a bank holding company, provides various banking and non-banking products to individuals and businesses in Wisconsin, Illinois and Minnesota. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumers and Businesses; and risk management and shared services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leases, asset-based loans and loan syndications; deposit and cash management solutions, such as commercial check and interest-bearing deposit products, safe deposit and night deposit services, liquidity solutions, debt and receivables solutions and services of information ; specialized financial services such as interest rate risk management, foreign exchange solutions and commodity hedging; fiduciary services such as administration of pension, profit sharing and other employee benefit plans, trustee and corporate agency services and institutional asset management; and investable fund solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The Company’s Community, Consumer and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans and commercial lines of credit; and deposit and transactional solutions such as checks, credit, debit and prepaid cards, online banking and bill payment; and money transfer services. As of December 31, 2021, the company operated 215 bank branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.