ASB - Watch for Continued Gains in Shares of Associated Banc-Corp (ASB)
Shares of Associated Banc-Corp (NYSE:ASB) traded today at $24.36, eclipsing its 52-week high. So far today approximately 246,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Associated Banc-Corp is Wisconsin's second- largest bank with more than $20 billion in assets and nearly 300 offices. Half of its loans are in its home state, followed by 20% and 15% in neighboring Illinois and Minnesota, respectively. The rest are among 40 other states. About 30% of its portfolio is commercial real estate and construction loans. General commercial loans, home equity lines, and residential mortgages account for roughly 25%, 20%, and 20%, respectively.
Associated Banc-Corp (NYSE:ASB) is currently priced 12.7% above its average consensus analyst price target of $21.13.
Associated Banc-Corp share prices have moved between a 52-week high of $24.36 and a 52-week low of $17.22 and are now trading 41% above that low price at $24.21 per share.
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