Associated Banc-Corp. (NYSE: ASB) has a price-to-earnings ratio that is above its average at 22.85x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for ASB is 149.01M, and at present, short sellers hold a 3.00% of that float. On May 10, 2024, the average trading volume of ASB was 1.34M shares.
ASB) stock’s latest price update
The stock of Associated Banc-Corp. (NYSE: ASB) has decreased by -0.13 when compared to last closing price of 22.39. Despite this, the company has experienced a 2.24% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that An increase in non-interest income and higher loans and deposit balance support Associated Banc-Corp’s (ASB) Q1 earnings amid lower NII and a rise in expenses and provisions.
ASB’s Market Performance
ASB’s stock has risen by 2.24% in the past week, with a monthly rise of 8.60% and a quarterly rise of 12.25%. The volatility ratio for the week is 1.60% while the volatility levels for the last 30 days are 2.33% for Associated Banc-Corp. The simple moving average for the past 20 days is 5.75% for ASB’s stock, with a 16.27% simple moving average for the past 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 6.62% 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 -0.51% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +8.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.33% upper at present.
During the last 5 trading sessions, ASB rose by +2.24%, which changed the moving average for the period of 200-days by +23.20% in comparison to the 20-day moving average, which settled at $21.23. In addition, Associated Banc-Corp. saw 4.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASB starting from Utz John A., who sale 2,500 shares at the price of $22.18 back on May 06 ’24. After this action, Utz John A. now owns 100,922 shares of Associated Banc-Corp., valued at $55,438 using the latest closing price.
Kitowski Nicole M, the Executive Vice President of Associated Banc-Corp., sale 5,019 shares at $21.23 during a trade that took place back on Apr 30 ’24, which means that Kitowski Nicole M is holding 37,993 shares at $106,578 based on the most recent closing price.
Stock Fundamentals for ASB
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 1.0 for the gross margin
The net margin for Associated Banc-Corp. stands at 0.12. The total capital return value is set at 0.01. Equity return is now at value 3.84, with 0.39 for asset returns.
Based on Associated Banc-Corp. (ASB), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 0.19.
Currently, EBITDA for the company is 206.05 million with net debt to EBITDA at 21.73. When we switch over and look at the enterprise to sales, we see a ratio of 3.93. The receivables turnover for the company is 7.84for 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 0.03.
Conclusion
To sum up, Associated Banc-Corp. (ASB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
