This Analyst Recently Issued Research Note On Associated Banc-Corp (ASB)


As of Friday close, Associated Banc-Corp’s (NYSE:ASB) stock was down -$1.75, moving down -8.96 percent to $17.79. The average number of shares traded per day over the past five days has been 5,186,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.65 fall in that time frame. In the last twenty days, the average volume was 2,474,690, while in the previous 50 days, it was 1,861,686.

Since last month, ASB stock retreated -26.43%. Shares of the company fell to $17.63 on 03/17/23, the lowest level in the past month. A 52-week high of $25.50 was reached on 02/07/23 after having rallying from a 52-week low of $17.45. Since the beginning of this year, ASB’s stock price has dropped by -22.95% or -$5.30, and marked a new high 6 times. However, the stock has declined by -30.24% since its 52-week high.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


ASB stock investors should be aware that Associated Banc-Corp (ASB) stock had its last reported insider trading activity 9 days ago on Mar 09. Harmening Andrew J, the President & CEO of the company, purchased of 4,850 shares for $20.57 on Mar 09. It resulted in a $99,789 investment by the insider. VAN LITH KAREN sold 4,889 shares at an average price of $23.93 on Feb 15. The insider now owns 58,677 shares following the transaction. On Feb 08, Director KAMERICK EILEEN A sold 5,000 shares at $24.00 apiece. The transaction was valued at $120,000.

Valuation Metrics

Right now, Associated Banc-Corp (ASB) has a P/E ratio of about 7.60. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 2.35, the price-to-book (PB) ratio of 0.70, and the price-to-cash flow ratio of 4.08 may also be considered.

The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21. On Tuesday October 25 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.06. In the year ended December 30, operating margins totaled 80.70%. Based on annual data, ASB earned $957.32 million in gross profit and brought in $1.15 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.40%. Return on equity (ROE) for the past 12 months was 9.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Associated Banc-Corp to report $0.66 quarterly earnings, the actual figure was $0.7 per share, beating the consensus estimate by 6.10%. The value of shareholders’ equity is $150.54 million.

Technical Picture

This quick technical analysis looks at Associated Banc-Corp’s (ASB) price momentum. With a historical volatility rate of 61.98%, the RSI 9-day stood at 20.79% on 17 March.

With respect to its five-day moving average, the current Associated Banc-Corp price is down by -12.96% percent or -$2.65. At present, ASB shares trade -25.31% below its 20-day simple moving average and -20.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.91% below its SMA50 and -14.06% below its SMA200.

Stochastic coefficient K was 13.55% and Stochastic coefficient D was 21.81%, while ATR was 1.31. Given the Stochastic reading of 2.74% for the 14-day period, the RSI (14) reading has been calculated as 24.13%. As of today, the MACD Oscillator reading stands at -1.36, while the 14-day reading stands at -2.38.

Analyst Ratings

UBS launched its rating on Associated Banc-Corp (NYSE: ASB) to a Neutral in a note to investors on March 15, 2023. Associated Banc-Corp (ASB) has been rated Hold by analysts. According to 0 brokerage firms, ASB is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Associated Banc-Corp stock as buy, with 1 recommending it as overweight.

With a median target price of $25.00, the current consensus forecast for the stock is $21.00 – $28.00. Based on these forecasts, analysts predict Associated Banc-Corp (ASB) will achieve an average price target of $24.44.


Please enter your comment!
Please enter your name here