Associated Banc-Corp (NYSE:ASB) finished Friday with a subtraction of $0.0 to close at $16.90, a downside of 0.00 percent. An average of 1,214,040 shares of common stock have been traded in the last five days. There was a fall of -$0.60 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,181,595 shares traded, while the 50-day average volume stands at 1,382,004.
ASB stock has decreased by -9.48% in the last month. The company shares reached their 1-month lowest point of $16.36 on 08/23/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $14.47 and a high of $25.50 in 52 weeks. It has reached a new high 6 times so far this year and lost -26.81% or -$6.19 in price. In spite of this, the price is down -33.73% from the 52-week high.
Insider Transactions
ASB stock investors should be aware that Associated Banc-Corp (ASB) stock had its last reported insider trading activity 22 days ago on Aug 04. In this transaction, the insider spent $500,365. Director, VAN LITH KAREN, disposed of 4,889 shares at a price of $23.93 on Feb 15. The insider now owns more than $116,995 worth of shares. Prior to that, Director KAMERICK EILEEN A went on to Sale 5,000 shares at $24.00 each on Feb 08. An amount of $120,000 was transacted.
Valuation Metrics
Associated Banc-Corp (ASB) has a trailing price-to-earnings (P/E) ratio of 6.68. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.55, the price-to-book (PB) ratio at 0.65, and the price-to-cash flow ratio at 5.31.
Financial Health
Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Its gross profit as reported stood at $957.32 million compared to revenue of $1.15 billion.
Earnings Surprise
The analyst consensus anticipated Associated Banc-Corp’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.56, a -5.10% surprise. At the end of the quarter ending June 29, Associated Banc-Corp’s stock balance sheet showed total debt was $4.54 billion. Shareholders own equity worth $150.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Associated Banc-Corp (ASB) price momentum. RSI 9-day as of the close on 25 August was 32.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.55%.
As of today, ASB’s price is $16.90 -3.43% or -$0.60 from its 5-day moving average. ASB is currently trading -12.02% lower than its 20-day SMA and -5.59% lower than its 100-day SMA. However, the stock’s current price level is -0.35% below the SMA50 and -30.60% below the SMA200.
The stochastic %K and %D were 20.74% and 15.31%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 22.09% and the average true range at 0.55, the RSI (14) stands at 38.71%. The stock has reached -0.27 on the 9-day MACD Oscillator while the 14-day reading was at -0.75.
Analyst Ratings
Raymond James upgraded Associated Banc-Corp (NYSE: ASB) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for Associated Banc-Corp (ASB) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASB, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is ASB’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $22.00, with a median target of $19.50. Taking a look at these predictions, the average price target given by analysts for Associated Banc-Corp (ASB) stock is $19.75.
