The stock of Associated Banc-Corp (ASB) has seen a 2.60% increase in the past week, with a -9.86% drop in the past month, and a 14.21% flourish in the past quarter. The volatility ratio for the week is 2.77%, and the volatility levels for the past 30 days are at 2.60% for ASB. The simple moving average for the past 20 days is -3.69% for ASB’s stock, with a 9.92% simple moving average for the past 200 days.
Is It Worth Investing in Associated Banc-Corp (NYSE: ASB) Right Now?
The price-to-earnings ratio for Associated Banc-Corp (NYSE: ASB) is above average at 20.59x. The 36-month beta value for ASB is also noteworthy at 0.92. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ASB is 161.67M, and at present, short sellers hold a 2.75% of that float. The average trading volume of ASB on December 27, 2024 was 1.76M shares.
ASB) stock’s latest price update
Associated Banc-Corp (NYSE: ASB)’s stock price has soared by 0.57 in relation to previous closing price of 24.37. Nevertheless, the company has seen a gain of 2.60% in its stock price over the last five trading days. prnewswire.com reported 2024-12-19 that GREEN BAY, Wis., Dec. 19, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB ) (“Associated” or “Company”) today announced the addition of four experienced relationship managers to the company’s growing commercial banking team.
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 -2.85% 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 -13.02% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares sank -9.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.42% upper at present.
During the last 5 trading sessions, ASB rose by +2.60%, which changed the moving average for the period of 200-days by +17.72% in comparison to the 20-day moving average, which settled at $25.45. In addition, Associated Banc-Corp saw 14.59% 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 3.55. 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 summary, Associated Banc-Corp (ASB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
