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.
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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.