Associated Banc-Corp (ASB) upgraded Issued by Wall Street Gurus

Associated Banc-Corp (NYSE:ASB) went up by 0.25% from its latest closing price compared to the recent 1-year high of $22.60. The company’s stock price has collected -9.81% of loss in the last five trading sessions. Press Release reported on 09/10/20 that Associated Banc-Corp to Attend the 2020 Barclays Global Financial Services Conference on September 14, 2020

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Is It Worth Investing in Associated Banc-Corp (NYSE :ASB) Right Now?

Associated Banc-Corp (NYSE:ASB) scored a price-to-earnings ratio above its average ratio, recording 5.74 x from its present earnings ratio. Plus, the 36-month beta value for ASB is at 1.21. Opinions of the stock are interesting as 0 analysts out of 10 who provided ratings for Associated Banc-Corp declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $15.56, which is $3.33 above the current price. ASB currently public float of 150.39M and currently shorts hold a 1.37% ratio of that float. Today, the average trading volume of ASB was 1.31M shares.

ASB’s Market Performance

ASB stocks went down by -9.81% for the week, with a monthly drop of -12.89% and a quarterly performance of -11.25%, while its annual performance rate touched -40.75%. The volatility ratio for the week stands at 4.42% while the volatility levels for the past 30 days are set at 3.59% for Associated Banc-Corp. The simple moving average for the period of the last 20 days is -8.35% for ASB stocks with a simple moving average of -21.28% for the last 200 days.

Analysts’ Opinion of ASB

Wells Fargo, on the other hand, stated in their research note that they expect to see ASB reach a price target of $15, previously predicting the price at $19. The rating they have provided for ASB stocks is “Equal Weight” according to the report published on March 30th, 2020.

ASB Trading at -8.78% from the 50-Day Moving Average

After a stumble in the market that brought ASB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.88% of loss for the given period.

Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares sank -10.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.56% lower at present.

During the last 5 trading sessions, ASB fell by -9.81%, which changed the moving average for the period of 200-days by -43.35% in comparison to the 20-day moving average, which settled at $13.27. In addition, Associated Banc-Corp saw -44.51% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ASB starting from Del Moral-Niles Christopher, who purchase 2,000 shares at the price of $12.98 back on Aug 03. After this action, Del Moral-Niles Christopher now owns 42,342 shares of Associated Banc-Corp, valued at $25,960 using the latest closing price.

Haddad Michael J, the Director of Associated Banc-Corp, purchase 2,000 shares at $25.00 during a trade that took place back on Jun 09, which means that Haddad Michael J is holding 2,000 shares at $50,000 based on the most recent closing price.

Stock Fundamentals for ASB

Current profitability levels for the company are sitting at:

  • +26.62 for the present operating margin

The net margin for Associated Banc-Corp stands at +20.89. The total capital return value is set at 5.02, while invested capital returns managed to touch 4.50. Equity return is now at value 9.10, with 1.00 for asset returns.

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Based on Associated Banc-Corp (ASB), the company’s capital structure generated 108.22 points at debt to equity in total, while total debt to capital is 51.98. Total debt to assets is 13.06, with long-term debt to equity ratio resting at 88.64. Finally, the long-term debt to capital ratio is 39.78.

When we switch over and look at the enterrpise to sales, we see a ratio of 4.95, with the company’s debt to enterprise value settled at 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.

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