The price-to-earnings ratio for Associated Banc-Corp. (NYSE: ASB) is above average at 18.66x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for ASB is 148.45M, and currently, short sellers hold a 2.73% ratio of that floaft. The average trading volume of ASB on April 05, 2024 was 1.48M shares.
ASB) stock’s latest price update
Associated Banc-Corp. (NYSE: ASB)’s stock price has increased by 0.58 compared to its previous closing price of 20.86. However, the company has seen a -1.32% decrease in its stock price over the last five trading sessions. PRNewsWire reported 2024-03-27 that GREEN BAY, Wis., March 27, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB) today announced it expects to release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.
ASB’s Market Performance
Associated Banc-Corp. (ASB) has seen a -1.32% fall in stock performance for the week, with a -2.10% decline in the past month and a -0.14% plunge in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.38% for ASB. The simple moving average for the last 20 days is 0.86% for ASB stock, with a simple moving average of 12.13% for the last 200 days.
Analysts’ Opinion of ASB
Many brokerage firms have already submitted their reports for ASB stocks, with Barclays repeating the rating for ASB by listing it as a “Equal Weight.” The predicted price for ASB in the upcoming period, according to Barclays is $22 based on the research report published on March 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ASB reach a price target of $18. The rating they have provided for ASB stocks is “Equal Weight” according to the report published on October 04th, 2023.
Robert W. Baird gave a rating of “Outperform” to ASB, setting the target price at $24 in the report published on September 05th of the previous year.
ASB Trading at 0.93% 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 -5.32% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -1.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.19% lower at present.
During the last 5 trading sessions, ASB fell by -1.32%, which changed the moving average for the period of 200-days by +22.98% in comparison to the 20-day moving average, which settled at $20.79. In addition, Associated Banc-Corp. saw -1.92% 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 VAN LITH KAREN, who sale 5,499 shares at the price of $21.28 back on Mar 06 ’24. After this action, VAN LITH KAREN now owns 61,178 shares of Associated Banc-Corp., valued at $117,019 using the latest closing price.
Utz John A., the Executive Vice President of Associated Banc-Corp., sale 14,010 shares at $21.20 during a trade that took place back on Mar 05 ’24, which means that Utz John A. is holding 89,880 shares at $297,031 based on the most recent closing price.
Stock Fundamentals for ASB
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Associated Banc-Corp. stands at 0.18. The total capital return value is set at 0.01. Equity return is now at value 4.43, with 0.45 for asset returns.
Based on Associated Banc-Corp. (ASB), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 0.41.
Currently, EBITDA for the company is 206.05 million with net debt to EBITDA at 3.88. When we switch over and look at the enterprise to sales, we see a ratio of 4.54. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In a nutshell, Associated Banc-Corp. (ASB) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
