Associated Banc-Corp (NYSE: ASB) has a higher price-to-earnings ratio of 20.07x compared to its average ratio, The 36-month beta value for ASB is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for ASB is 161.68M, and currently, shorts hold a 2.06% of that float. The average trading volume for ASB on December 19, 2024 was 1.75M shares.
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ASB) stock’s latest price update
Associated Banc-Corp (NYSE: ASB)’s stock price has dropped by -4.82 in relation to previous closing price of 25.10. Nevertheless, the company has seen a loss of -9.06% in its stock price over the last five trading days. prnewswire.com reported 2024-12-18 that GREEN BAY, Wis., Dec. 18, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB ), the holding company for Associated Bank, N.A.
ASB’s Market Performance
Associated Banc-Corp (ASB) has seen a -9.06% fall in stock performance for the week, with a -9.98% decline in the past month and a 7.66% surge in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 2.53% for ASB. The simple moving average for the past 20 days is -8.63% for ASB’s stock, with a 7.51% 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 -4.40% 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 -15.22% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -8.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.12% upper at present.
During the last 5 trading sessions, ASB fell by -9.06%, which changed the moving average for the period of 200-days by +11.48% in comparison to the 20-day moving average, which settled at $26.15. In addition, Associated Banc-Corp saw 11.69% 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 4.51, 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.
When we switch over and look at the enterprise to sales, we see a ratio of 3.48. 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
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’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.
