Associated Banc-Corp. (NYSE: ASB) is -6.69% lower 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 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 $19.90 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $19.96, the stock is -4.05% and -3.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.30% at the moment leaves the stock 5.55% off its SMA200. ASB registered 8.36% gain for a year compared to 6-month gain of 20.90%.
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The stock witnessed a -0.40% loss in the last 1 month and extending the period to 3 months gives it a -3.43%, and is -3.06% down 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 2.11% over the week and 2.17% over the month.
Current P/E ratio is 17.75 and Fwd P/E is 8.43. Profit margin for the company is 8.39%. Distance from 52-week low is 37.94% and -9.93% from its 52-week high. The company has generated returns on investments over the last 12 months (2.86%).
The EPS is expected to shrink by -6.13% this year
The shares outstanding are 151.04M, and float is at 148.45M with Short Float at 2.57%.
Associated Banc-Corp. (ASB) Insider Activity
The most recent transaction is an insider sale by VAN LITH KAREN, the company’s Director. 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).
