Associated Banc-Corp (NYSE:ASB) traded today at a new 52-week high of $25.57. This new high was reached on below average trading volume as 115,000 shares traded hands, while the average 30-day volume is approximately 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.
Over the past year, Associated Banc-Corp has traded in a range of $18.39 to $25.57 and is now at $25.55, 39% above that low.
Associated Banc-Corp (NYSE:ASB) defies analysts with a current price ($25.55) 2.3% above its average consensus price target of $24.97.
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