Associated Banc-Corp. (NYSE: ASB)’s stock price has plunge by 0.18relation to previous closing price of 22.42. Nevertheless, the company has seen a -1.92% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-10-23 that Beyond analysts’ top -and-bottom-line estimates for Associated Banc-Corp (ASB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Is It Worth Investing in Associated Banc-Corp. (NYSE: ASB) Right Now?
Associated Banc-Corp. (NYSE: ASB) has a higher price-to-earnings ratio of 19.30x compared to its average ratio, The 36-month beta value for ASB is at 0.92. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 15 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ASB is 149.39M, and currently, shorts hold a 3.65% of that float. The average trading volume for ASB on October 24, 2024 was 1.34M shares.
ASB’s Market Performance
The stock of Associated Banc-Corp. (ASB) has seen a -1.92% decrease in the past week, with a 4.95% rise in the past month, and a -6.14% fall in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 2.31% for ASB. The simple moving average for the last 20 days is 3.37% for ASB stock, with a simple moving average of 5.61% for the last 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 3.59% 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 -7.23% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +6.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.03% upper at present.
During the last 5 trading sessions, ASB fell by -1.92%, which changed the moving average for the period of 200-days by +3.74% in comparison to the 20-day moving average, which settled at $21.73. In addition, Associated Banc-Corp. saw 5.00% 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 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 4.07. 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
In conclusion, Associated Banc-Corp. (ASB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.