As of Wednesday close, Associated Banc-Corp’s (NYSE:ASB) stock was down -$0.03, moving down -0.17 percent to $17.12. The average number of shares traded per day over the past five days has been 1,323,480 shares. 2 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 1,170,675, while in the previous 50 days, it was 1,346,808.
Since last month, ASB stock retreated -7.11%. Shares of the company fell to $16.36 on 08/23/23, 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 $14.47. Since the beginning of this year, ASB’s stock price has dropped by -25.86% or -$5.97, and marked a new high 6 times. However, the stock has declined by -32.86% since its 52-week high.
ASB stock investors should be aware that Associated Banc-Corp (ASB) stock had its last reported insider trading activity 27 days ago on Aug 04. Erickson Randall J., the Executive Vice President of the company, disposed of 26,335 shares for $19.00 on Aug 04. It resulted in a $500,365 divestment by the insider. GERKEN R JAY added 3,000 shares at an average price of $16.07 on May 02. The insider now owns 42,036 shares following the transaction. On Apr 26, Director Haddad Michael J bought 5,750 shares at $17.35 apiece. The transaction was valued at $99,773.
Valuation Metrics
Right now, Associated Banc-Corp (ASB) has a P/E ratio of about 6.77. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 1.59, the price-to-book (PB) ratio of 0.65, and the price-to-cash flow ratio of 5.41 may also be considered.
The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.14, and the total debt-to-equity ratio was 0.14. In the year ended June 29, operating margins totaled 61.90%. 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 9.90%.
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 $0.59 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by -5.10%. The value of shareholders’ equity is $150.92 million.
Technical Picture
This quick technical analysis looks at Associated Banc-Corp’s (ASB) price momentum. With a historical volatility rate of 27.28%, the RSI 9-day stood at 40.81% on 30 August.
With respect to its five-day moving average, the current Associated Banc-Corp price is up by +1.36% percent or $0.23. At present, ASB shares trade -6.60% below its 20-day simple moving average and -2.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.90% above its SMA50 and -31.87% below its SMA200.
Stochastic coefficient K was 29.85% and Stochastic coefficient D was 25.95%, while ATR was 0.47. Given the Stochastic reading of 33.93% for the 14-day period, the RSI (14) reading has been calculated as 42.87%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.27.
Analyst Ratings
Raymond James upgraded its rating on Associated Banc-Corp (NYSE: ASB) to an Outperform in a note to investors on July 06, 2023. The analysts firm previously had a Mkt perform rating on the stock.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 0 analysts who say the stock is underweight. A total of 1 analyst rate Associated Banc-Corp stock as buy, with 1 recommending it as overweight.
With a median target price of $19.50, the current consensus forecast for the stock is $18.00 – $22.00. Based on these forecasts, analysts predict Associated Banc-Corp (ASB) will achieve an average price target of $19.75.
