The stock of Associated Banc-Corp (NYSE:ASB) increased by $0.08 on Tuesday to finish at $17.48, up 0.46 percent. The last five days have seen an average of 2,470,680 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$5.61. The average number of shares traded over the last 20 days was 1,703,690, while the average volume over the last 50 days totaled 1,519,196.
ASB stock dropped -0.11% since last month. On 08/23/23, the company’s shares reached a one-month low of $16.36. The stock touched a high of $25.50 on 02/07/23, after rallying from a low of $14.47 in 52 weeks. The price of ASB stock has declined by -24.30% or -$5.61 this year, reaching a new high 6 times. Still, the stock price is down -31.45% 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 47 days ago on Aug 04. On Aug 04, Executive Vice President Erickson Randall J. sold 26,335 shares at $19.00 each. This transaction resulted in the insider making $500,365. On May 02, GERKEN R JAY added 3,000 shares at a price of US$16.07. After the transaction, the insider now owns 42,036 shares. Director Haddad Michael J had earlier bought 5,750 shares on Apr 26 for $17.35 a share. The transaction was completed for $99,773.
Valuation Metrics
Associated Banc-Corp (ASB) has a trailing price-to-earnings (P/E) ratio of 6.91. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.62, the price-to-book (PB) ratio of 0.67, and the price-to-cash flow ratio of 5.53.
Company paid $0.21 per share in dividends, remained unchanged from $0.21 last year. A $0.01 dividend increase was reported on Tuesday October 25 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.14, and the total debt to equity ratio is 0.14. Associated Banc-Corp’s operating margin stood at 61.90% for the same period. Based on annual data, it had gross profit of $957.32 million and revenue of $1.15 billion.
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 1.00%. There was a 20.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.90%.
Earnings Surprise
According to Associated Banc-Corp’s quarterly financial report for the quarter that ended June 29. 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 $0.56, but it ended up being $0.59, beating the consensus by -5.10%. At the end of Associated Banc-Corp’s most recent quarter ended June 29, its total debt was $4.54 billion. Equity owned by shareholders amounts to $150.92 million.
Technical Picture
Here’s a quick look at Associated Banc-Corp’s (ASB) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 54.07%, suggesting the stock is Neutral, with a 22.29% historical volatility rate.
The stochastic %K and %D were 63.68% and 66.32% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 61.38%, the RSI (14) reading is 51.52%. On the 9-day MACD Oscillator, the stock is at 0.25, and the 14-day reading is at 0.25.
Analyst Ratings
In its most recent analyst report, Robert W. Baird raised its rating on Associated Banc-Corp (NYSE: ASB) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Associated Banc-Corp (ASB) an Hold rating. ASB is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 1 other recommend it as a buy.
What is ASB’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $24.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Associated Banc-Corp (ASB) is $20.25.
