Associated Banc-Corp. (NYSE: ASB) is 1.78% higher on its value in year-to-date trading and has touched a low of $15.16 and a high of $24.21 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 $21.44 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $21.77, the stock is -0.13% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 1.54% at the moment leaves the stock 5.38% off its SMA200. ASB registered 25.19% gain for a year compared to 6-month gain of 4.46%.
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The stock witnessed a -4.93% loss in the last 1 month and extending the period to 3 months gives it a -2.25%, and is 6.98% 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 3.14% over the month.
Current P/E ratio is 18.70 and Fwd P/E is 9.47. Profit margin for the company is 8.15%. Distance from 52-week low is 43.60% and -10.08% from its 52-week high. The company has generated returns on investments over the last 12 months (3.29%).
The EPS is expected to shrink by -9.20% this year.
Associated Banc-Corp. (ASB) Top Institutional Holders
376.0 institutions hold shares in Associated Banc-Corp. (ASB), with institutional investors hold 87.15% of the company’s shares. The shares outstanding are 151.04M, and float is at 149.01M with Short Float at 4.83%. Institutions hold 86.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.21 million shares valued at $$413.28 million. The investor’s holdings represent 12.8214 of the ASB Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 15.62 million shares valued at $$335.88 million to account for 10.4202 of the shares outstanding. The other top investors are FMR LLC which holds 13.58 million shares representing 9.0625 and valued at over $$292.12 million, while DIMENSIONAL FUND ADVISORS LP holds 7.2582 of the shares totaling 10.88 million with a market value of $$233.96 million.
Associated Banc-Corp. (ASB) Insider Activity
The most recent transaction is an insider sale by Erickson Randall J.,the company’sExecutive Vice President. SEC filings show that Erickson Randall J. sold 23,774 shares of the company’s common stock on Jul 31 ’24 at a price of $22.99 per share for a total of $0.55 million. Following the sale, the insider now owns 0.13 million shares.
Associated Banc-Corp. disclosed in a document filed with the SEC on Jul 30 ’24 that Schmidt Paul Gregory (Executive Vice President) sold a total of 23,673 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $23.19 per share for $0.55 million. Following the transaction, the insider now directly holds 49578.0 shares of the ASB stock.
Still, SEC filings show that on Jul 30 ’24, Stein David L (Executive Vice President) disposed off 32,107 shares at an average price of $23.15 for $0.74 million. The insider now directly holds 80,798 shares of Associated Banc-Corp. (ASB).
