Director Of Associated Banc-Corp (ASB) Has Sold 4,500 Of The Company’s Shares

The stock of Associated Banc-Corp (NYSE:ASB) decreased by $0.0 on Friday to finish at $19.55, down 0.00 percent. The last five days have seen an average of 1,603,880 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$3.04. The average number of shares traded over the last 20 days was 1,748,585, while the average volume over the last 50 days totaled 1,545,330.

ASB stock dropped -10.61% since last month. On 05/20/22, the company’s shares reached a one-month low of $19.18. The stock touched a high of $25.78 on 02/08/22, after rallying from a low of $18.40 in 52 weeks. The price of ASB stock has declined by -13.46% or -$3.04 this year, reaching a new high 9 times. Still, the stock price is down -24.17% from the 52-week high.

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Insider Transactions

There have been 70 days since Associated Banc-Corp (ASB) last reported insider trading activity on Mar 14. On Mar 14, Director KAMERICK EILEEN A sold 4,500 shares at $23.55 each. This transaction resulted in the insider making $105,953. On Mar 08, VAN LITH KAREN sold 4,500 shares at a price of US$22.86. After the transaction, the insider now owns 56,473 shares. Executive Vice President Braeger Matthew R had earlier sold 10,994 shares on Feb 15 for $25.47 a share. The transaction was completed for $279,997.

Valuation Metrics

Associated Banc-Corp (ASB) has a trailing price-to-earnings (P/E) ratio of 9.42. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.65, the price-to-book (PB) ratio of 0.77, and the price-to-cash flow ratio of 6.73.

Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.02 dividend increase was reported on Wednesday July 28 2021.

Financial Health

Based on annual data, it had gross profit of $725.86 million and revenue of $798.19 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 0.90%. There was a 17.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.30%.

Earnings Surprise

According to Associated Banc-Corp’s quarterly financial report for the quarter that ended March 30. 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 $0.47, but it ended up being $0.38, beating the consensus by 23.70%. At the end of Associated Banc-Corp’s most recent quarter ended March 30, its total debt was $2.33 billion. Equity owned by shareholders amounts to $150.04 million.

Technical Picture

Here’s a quick look at Associated Banc-Corp’s (ASB) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 38.97%, suggesting the stock is Neutral, with a 26.76% historical volatility rate.

The stochastic %K and %D were 27.79% and 36.57% respectively, while the average true range (ATR) was 0.61. Based on the 14-day stochastic reading of 25.08%, the RSI (14) reading is 38.26%. On the 9-day MACD Oscillator, the stock is at -0.07, and the 14-day reading is at -0.23.

Analyst Ratings

In its most recent analyst report, Wells Fargo raised its rating on Associated Banc-Corp (NYSE: ASB) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight.

What is ASB’s price target for the next 12 months?

The current consensus forecast for the stock is between $23.00 and $28.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for Associated Banc-Corp (ASB) is $25.44.


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