The stock of Associated Banc-Corp (NYSE:ASB) decreased by decreased by -$0.18 on Friday to finish at $22.62, down -0.79 percent. The last five days have seen an average of 1,384,200 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $5.57. The average number of shares traded over the last 20 days was 1,083,845, while the average volume over the last 50 days totaled 1,238,702.
ASB stock appreciated 8.44% since last month. On 09/23/21, the company’s shares reached a one-month low of $20.22. The stock touched a high of $23.94 on 03/18/21, after rallying from a low of $13.17 in 52 weeks. The price of ASB stock has risen by 32.67% or $5.57 this year, reaching a new high 13 times. Still, the stock price is down -5.53% from the 52-week high.
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There have been 67 days since Associated Banc-Corp (ASB) last reported insider trading activity on Aug 19. On Aug 19, Director KAMERICK EILEEN A sold 4,500 shares at $20.63 each. This transaction resulted in the insider making $92,823. On Aug 09, Stein David L sold 16,302 shares at a price of US$20.56. After the transaction, the insider now owns 63,949 shares. President & CEO Harmening Andrew J had earlier sold 51,352 shares on Jun 02 for $22.90 a share. The transaction was completed for $1,175,899.
Associated Banc-Corp (ASB) has a trailing price-to-earnings (P/E) ratio of 12.61. This level actually compares favorably with the industry at large, as the PE for the Banks – Regional industry stands at about 13.46. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of Associated Banc-Corp has varied between 21.13 and 5.568 in the last five years. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.25, the price-to-book (PB) ratio of 0.90, and the price-to-cash flow ratio of 6.16.
Associated Banc-Corp’s dividend is $0.80 per share per year. With a dividend yield of 3.54%, ASB has a payout ratio of 33.00%. On Sep. 15, the company paid $0.20 per share in dividends, an increase of 11.11% from $0.18 last year. A $0.02 dividend increase was reported on Wednesday July 28 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by 44.00%.
Associated Banc-Corp’s operating margin stood at 92.40% for the same period. Based on annual data, it had gross profit of $762.96 million and revenue of $912.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASB’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 17.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.90%. ROE has averaged 11.10 in the past year for the broader industry.
According to Associated Banc-Corp’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Associated Banc-Corp’s quarterly earnings would be $0.56, but it ended up being $0.48, beating the consensus by 16.70%. At the end of Associated Banc-Corp’s most recent quarter ended June 29, its total debt was $2.47 billion. Equity owned by shareholders amounts to $152.97 million.
Here’s a quick look at Associated Banc-Corp’s (ASB) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.20%, suggesting the stock is Neutral, with a 22.49% historical volatility rate.
The stochastic %K and %D were 91.08% and 83.98% respectively, while the average true range (ATR) was 0.59. Based on the 14-day stochastic reading of 81.76%, the RSI (14) reading is 62.65%. On the 9-day MACD Oscillator, the stock is at 0.59, and the 14-day reading is at 0.60.
Associated Banc-Corp (NYSE: ASB) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Associated Banc-Corp (ASB) an Hold rating. ASB is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is ASB’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $24.00, with a median target price of $24.00. In analyzing these forecasts, the average price target given by analysts for Associated Banc-Corp (ASB) is $23.38.