Associated Banc-Corp (NYSE: ASB) is -31.05% lower on its value in year-to-date trading and has touched a low of $14.47 and a high of $25.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASB stock was last observed hovering at around $15.66 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $15.92, the stock is 0.57% and -7.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 1.66% at the moment leaves the stock -24.61% off its SMA200. ASB registered -18.57% loss for a year compared to 6-month loss of -33.64%.
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The stock witnessed a -9.55% gain in the last 1 month and extending the period to 3 months gives it a -31.35%, and is 9.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.34% over the week and 4.18% over the month.
Associated Banc-Corp (ASB) has around 4200 employees, a market worth around $2.46B and $1.39B in sales. Current P/E ratio is 6.29 and Fwd P/E is 7.04. Profit margin for the company is 27.50%. Distance from 52-week low is 10.02% and -37.57% from its 52-week high. The company has generated returns on investments over the last 12 months (20.40%).
Associated Banc-Corp (ASB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Associated Banc-Corp (ASB) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 7.40% this year.
Associated Banc-Corp (ASB) Top Institutional Holders
The shares outstanding are 149.76M, and float is at 146.56M with Short Float at 3.73%.
Associated Banc-Corp (ASB) Insider Activity
A total of 142 insider transactions have happened at Associated Banc-Corp (ASB) in the last six months, with sales accounting for 27 and purchases happening 115 times. The most recent transaction is an insider purchase by GERKEN R JAY,the company’sDirector. SEC filings show that GERKEN R JAY bought 3,000 shares of the company’s common stock on May 02 at a price of $16.07 per share for a total of $48207.0. Following the purchase, the insider now owns 42036.0 shares.
Associated Banc-Corp disclosed in a document filed with the SEC on Apr 26 that Haddad Michael J (Director) bought a total of 5,750 shares of the company’s common stock. The trade occurred on Apr 26 and was made at $17.35 per share for $99773.0. Following the transaction, the insider now directly holds 5750.0 shares of the ASB stock.
Still, SEC filings show that on Mar 09, Harmening Andrew J (President & CEO) acquired 4,850 shares at an average price of $20.57 for $99789.0. The insider now directly holds 287,394 shares of Associated Banc-Corp (ASB).
Associated Banc-Corp (ASB): Who are the competitors?
The company’s main competitors (and peers) include First Financial Corporation (THFF) that is trading -19.98% down over the past 12 months and Peoples Bancorp Inc. (PEBO) that is -1.95% lower over the same period. Wells Fargo & Company (WFC) is -1.10% down on the 1-year trading charts.