The stock of Associated Banc-Corp (ASB) has seen a 11.40% increase in the past week, with a 26.70% gain in the past month, and a 30.91% flourish in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.67% for ASB. The simple moving average for the past 20 days is 15.85% for ASB’s stock, with a 25.04% simple moving average for the past 200 days.
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 22.48x compared to its average ratio. ASB has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 15 as “hold,” and 0 as “sell.”
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The public float for ASB is 149.74M, and currently, short sellers hold a 3.12% ratio of that float. The average trading volume of ASB on November 06, 2024 was 1.23M shares.
ASB) stock’s latest price update
Associated Banc-Corp (NYSE: ASB) has seen a rise in its stock price by 11.54 in relation to its previous close of 23.99. However, the company has experienced a 11.40% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that Investors may keep a tab on stocks like COP, BERY, HII, ABBV and ASB, which have lately hiked their dividend payments.
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 20.98% 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 able to rebound, for now settling with 10.07% of gains for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +25.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.57% upper at present.
During the last 5 trading sessions, ASB rose by +10.87%, which changed the moving average for the period of 200-days by +24.15% in comparison to the 20-day moving average, which settled at $23.09. In addition, Associated Banc-Corp saw 25.10% 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 20,499 shares at the price of $23.62 back on Oct 29 ’24. After this action, Utz John A. now owns 100,204 shares of Associated Banc-Corp, valued at $484,104 using the latest closing price.
Utz John A., the Executive Vice President of Associated Banc-Corp, sale 19,044 shares at $24.19 during a trade that took place back on Oct 30 ’24, which means that Utz John A. is holding 100,204 shares at $460,617 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
- 1.17 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 4.63, with 0.46 for asset returns.
Based on Associated Banc-Corp (ASB), the company’s capital structure generated 0.38 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 0.62. 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 -145.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.59. The receivables turnover for the company is 9.74for 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 0.03.
Conclusion
To put it simply, Associated Banc-Corp (ASB) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
