6 analysts have expressed a variety of opinions on Associated Banc (NYSE:ASB) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.17, along with a high estimate of $25.00 and a low estimate of $22.00. This upward trend is apparent, with the current average reflecting a 10.33% increase from the previous average price target of $21.00.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Associated Banc among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $23.00 | - |
| Jared Shaw | Barclays | Raises | Equal-Weight | $24.00 | $22.00 |
| Timur Braziler | Wells Fargo | Raises | Equal-Weight | $22.00 | $20.00 |
| Jon Arfstrom | RBC Capital | Maintains | Sector Perform | $23.00 | - |
| Jared Shaw | Barclays | Announces | Equal-Weight | $22.00 | - |
| Daniel Tamayo | Raymond James | Raises | Outperform | $25.00 | $21.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Associated Banc. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Associated Banc compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Associated Banc's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Associated Banc's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Associated Banc analyst ratings.
Delving into Associated Banc's Background
Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.
Associated Banc: Delving into Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Associated Banc's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -65.18%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Associated Banc's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -75.61%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Associated Banc's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.33%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Associated Banc's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.22%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Associated Banc's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.62.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.