In the past week, ASB stock has gone down by -3.13%, with a monthly gain of 21.70% and a quarterly surge of 28.40%. The volatility ratio for the week is 2.80%, and the volatility levels for the last 30 days are 3.05% for Associated Banc-Corp The simple moving average for the last 20 days is 11.53% for ASB stock, with a simple moving average of 26.55% for the last 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 22.90x compared to its average ratio. ASB has 36-month beta value of 0.93. 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 149.68M, and currently, short sellers hold a 2.31% ratio of that float. The average trading volume of ASB on November 14, 2024 was 1.33M shares.
ASB) stock’s latest price update
The stock of Associated Banc-Corp (NYSE: ASB) has decreased by -1.16 when compared to last closing price of 27.58. Despite this, the company has experienced a -3.13% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-07 that GREEN BAY, Wis., Nov. 7, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB ), the holding company for Associated Bank, N.A.
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 20.56% 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 -3.26% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +19.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.90% upper at present.
During the last 5 trading sessions, ASB fell by -3.13%, which changed the moving average for the period of 200-days by +24.70% in comparison to the 20-day moving average, which settled at $24.44. In addition, Associated Banc-Corp saw 27.44% 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 Ahern Patrick Edward, who sale 30,777 shares at the price of $26.85 back on Nov 08 ’24. After this action, Ahern Patrick Edward now owns 37,087 shares of Associated Banc-Corp, valued at $826,455 using the latest closing price.
Braeger Matthew R, the Executive Vice President of Associated Banc-Corp, sale 25,923 shares at $26.64 during a trade that took place back on Nov 08 ’24, which means that Braeger Matthew R is holding 12,939 shares at $690,666 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 0.02. 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 300.36 million with net debt to EBITDA at 177.1. When we switch over and look at the enterprise to sales, we see a ratio of 3.62. 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.
