Associated Banc-Corp. (NYSE: ASB) has a price-to-earnings ratio that is above its average at 18.26x. The stock has a 36-month beta value of 0.92. 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 149.39M, and at present, short sellers hold a 4.57% of that float. On October 10, 2024, the average trading volume of ASB was 1.36M shares.
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ASB) stock’s latest price update
Associated Banc-Corp. (NYSE: ASB)’s stock price has plunge by 0.62relation to previous closing price of 21.12. Nevertheless, the company has seen a 2.96% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-26 that GREEN BAY, Wis., Sept. 26, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB) today announced it expects to release third quarter 2024 financial results on Thursday, October 24, 2024, after market close.
ASB’s Market Performance
Associated Banc-Corp. (ASB) has experienced a 2.96% rise in stock performance for the past week, with a 1.14% rise in the past month, and a -1.67% drop in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.38% for ASB. The simple moving average for the past 20 days is -0.02% for ASB’s stock, with a 0.12% simple moving average for the past 200 days.
Analysts’ Opinion of ASB
Many brokerage firms have already submitted their reports for ASB stocks, with Robert W. Baird repeating the rating for ASB by listing it as a “Neutral.” The predicted price for ASB in the upcoming period, according to Robert W. Baird is $27 based on the research report published on July 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ASB reach a price target of $22. The rating they have provided for ASB stocks is “Equal Weight” according to the report published on March 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to ASB, setting the target price at $18 in the report published on October 04th of the previous year.
ASB Trading at -0.62% 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 -12.23% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +3.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.41% lower at present.
During the last 5 trading sessions, ASB rose by +2.96%, which changed the moving average for the period of 200-days by +0.28% in comparison to the 20-day moving average, which settled at $21.26. In addition, Associated Banc-Corp. saw -0.65% 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 8,061 shares at the price of $20.48 back on Sep 12 ’24. After this action, VAN LITH KAREN now owns 54,114 shares of Associated Banc-Corp., valued at $165,091 using the latest closing price.
VAN LITH KAREN, the Director of Associated Banc-Corp., proposed sale 4,940 shares at $20.51 during a trade that took place back on Sep 12 ’24, which means that VAN LITH KAREN is holding shares at $101,319 based on the most recent closing price.
Stock Fundamentals for ASB
Current profitability levels for the company are sitting at:
- 0.12 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 4.49, with 0.45 for asset returns.
Based on Associated Banc-Corp. (ASB), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.96. 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 -156.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.95. The receivables turnover for the company is 9.28for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To sum up, Associated Banc-Corp. (ASB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
