Associated Banc Corp (ASB) is Downgraded by Jefferies to Hold

Associated Banc Corp (ASB) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.

On the company’s financial health, Associated Banc Corp reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus of $0.32.Analysts expectations of $ 263.03.During the same quarter in the previous year, the company posted $0.31 EPS.

Associated Banc Corp closed down -0.1 points or -0.43% at $23 with 3,68,939 shares getting traded on Friday. Post opening the session at $23.1, the shares hit an intraday low of $22.85 and an intraday high of $23.2 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 16, 2016, James Yee (Executive Vice President) sold 14,846 shares at $23.40 per share price. According to the SEC, on Nov 16, 2016, Timothy J Lau (Executive Vice President) sold 10,000 shares at $23.13 per share price. On Nov 16, 2016, Scott Hickey (Chief Credit Officer) sold 68,837 shares at $22.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Associated Banc-Corp (Associated) is a bank holding company. The Company through its banking subsidiary Associated Bank National Association (Associated Bank) and various nonbanking subsidiaries provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community Consumer and Business and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers including businesses developers non-profits municipalities and financial institutions. The Community Consumer and Business segment serves individuals as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management Credit Administration Finance Treasury Operations and Technology.

Associated Banc Corp

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