Peeling Back The Layers: Exploring Associated Banc Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Associated Banc (NYSE:ASB) has been analyzed by 4 analysts in the last three months, with all maintaining an indifferent rating. The average 12-month price target for ASB is $20.38, up from the previous $19.50. Analysts from RBC Capital, Keefe, Bruyette & Woods, and Piper Sandler have raised their price targets. Associated Banc operates in banking and nonbanking services, with the majority of revenue from Corporate and Commercial Specialty and Community, Consumer, and Business segments. The company's market cap is below industry averages, and it has seen a -4.44% decline in revenue growth, a net margin of 25.06%, an ROE of 2.03%, an ROA of 0.19%, and a high debt-to-equity ratio of 1.08.
January 26, 2024 | 3:00 pm
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NEUTRAL IMPACT
Associated Banc has an average 12-month price target of $20.38, reflecting a 4.51% increase from the previous target. Analysts have raised their price targets, indicating a positive outlook despite the company's recent revenue decline and below-average profitability metrics.
The unanimous indifferent rating by analysts suggests a neutral short-term impact on ASB's stock price. However, the raised price targets could indicate a slightly positive sentiment. The company's financial challenges, such as the revenue decline and lower profitability metrics, may counterbalance the positive sentiment from the raised targets. The score is neutral due to these mixed signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100