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These Numbers Show Favorable Signs for Associated Banc-Corp. (ASB)

Associated Banc-Corp. (NYSE: ASB) is 0.56% higher on its value in year-to-date trading and has touched a low of $14.47 and a high of $22.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASB stock was last observed hovering at around $21.26 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $21.51, the stock is 3.64% and 3.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 1.18% at the moment leaves the stock 15.46% off its SMA200. ASB registered 19.24% gain for a year compared to 6-month gain of 27.13%.

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The stock witnessed a 4.22% loss in the last 1 month and extending the period to 3 months gives it a -1.01%, and is 2.38% 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 2.20% over the week and 2.57% over the month.

Current P/E ratio is 19.13 and Fwd P/E is 9.05. Profit margin for the company is 8.39%. Distance from 52-week low is 48.65% and -2.93% from its 52-week high. The company has generated returns on investments over the last 12 months (2.86%).

Associated Banc-Corp. quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $325.51M over the same period.The EPS is expected to shrink by -5.55% this year, but quarterly earnings will post 21.60% year-over-year. Quarterly sales are estimated to shrink -0.20% in year-over-year returns.

Associated Banc-Corp. (ASB) Top Institutional Holders

378 institutions hold shares in Associated Banc-Corp. (ASB), with institutional investors hold 85.66% of the company’s shares. The shares outstanding are 151.04M, and float is at 149.26M with Short Float at 2.72%. Institutions hold 84.97% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 19.21 million shares valued at $311.85 million. The investor’s holdings represent 12.73% of the ASB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 15.5 million shares valued at $251.56 million to account for 10.27% of the shares outstanding. The other top investors are FMR, LLC which holds 13.57 million shares representing 8.99% and valued at over $220.16 million, while Dimensional Fund Advisors LP holds 6.90% of the shares totaling 10.41 million with a market value of $168.91 million.

Associated Banc-Corp. (ASB) Insider Activity

The most recent transaction is an insider sale by VAN LITH KAREN,the company’sDirector. SEC filings show that VAN LITH KAREN sold 5,499 shares of the company’s common stock on Mar 06 ’24 at a price of $21.28 per share for a total of $0.12 million. Following the sale, the insider now owns 61178.0 shares.

Associated Banc-Corp. disclosed in a document filed with the SEC on Mar 05 ’24 that Utz John A. (Executive Vice President) sold a total of 14,010 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $21.20 per share for $0.3 million. Following the transaction, the insider now directly holds 89880.0 shares of the ASB stock.

Still, SEC filings show that on Mar 05 ’24, KAMERICK EILEEN A (Director) disposed off 5,000 shares at an average price of $21.02 for $0.11 million. The insider now directly holds 50,126 shares of Associated Banc-Corp. (ASB).

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