Associated Banc-Corp. (NYSE:ASB) finished Wednesday with a subtraction of -$0.02 to close at $16.92, a downside of -0.12 percent. An average of 1,450,900 shares of common stock have been traded in the last five days. There was a fall of -$0.52 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 1,767,975 shares traded, while the 50-day average volume stands at 1,537,362.
ASB stock has decreased by -0.06% in the last month. The company shares reached their 1-month lowest point of $16.59 on 09/08/23. 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 -26.72% or -$6.17 in price. In spite of this, the price is down -33.65% 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 55 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 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.35, the price-to-book (PB) ratio at 0.65, and the price-to-cash flow ratio at 5.38.
The company has a payout ratio of 34.59%. The company’s most recent quarterly dividend payment was $0.21 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday October 25 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 1.10 for the quarter ending June 29. Its gross profit as reported stood at $957.32 million compared to revenue of $1.15 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Associated Banc-Corp.’s return on assets was 1.00%.
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 27 September was 39.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.92%.
As of today, ASB’s price is $17.12 -2.98% or -$0.52 from its 5-day moving average. ASB is currently trading -1.34% lower than its 20-day SMA and +11.76% higher than its 100-day SMA. However, the stock’s current price level is -6.88% below the SMA50 and -26.56% below the SMA200.
The stochastic %K and %D were 35.27% and 40.31%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 23.91% and the average true range at 0.46, the RSI (14) stands at 42.84%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
Robert W. Baird upgraded Associated Banc-Corp. (NYSE: ASB) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
