Shares of Associated Banc-Corp (NYSE:ASB) traded today at $25.22, eclipsing its 52-week high. So far today approximately 217,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 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 11.3% above its average consensus analyst price target of $22.25.
In the past 52 weeks, Associated Banc-Corp share prices are bracketed by a low of $17.75 and a high of $25.22 and is now at $25.07, 41% above that low price.
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