Associated Banc-Corp. (NYSE: ASB) is 1.40% 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 $22.19 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $21.69, the stock is -0.54% and -0.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing -2.25% at the moment leaves the stock 2.54% off its SMA200. ASB registered 24.37% gain for a year compared to 6-month gain of 3.24%.
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The stock witnessed a 1.45% loss in the last 1 month and extending the period to 3 months gives it a 6.90%, and is 1.97% 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 2.87% over the week and 2.67% over the month.
Current P/E ratio is 18.63 and Fwd P/E is 9.43. Profit margin for the company is 8.15%. Distance from 52-week low is 43.07% and -10.41% from its 52-week high. The company has generated returns on investments over the last 12 months (3.29%).
with sales reaching $333.99M over the same period.The EPS is expected to shrink by -9.17% this year, but quarterly earnings will post 19.70% year-over-year. Quarterly sales are estimated to grow 2.70% in year-over-year returns.
Associated Banc-Corp. (ASB) Top Institutional Holders
379.0 institutions hold shares in Associated Banc-Corp. (ASB), with institutional investors hold 87.19% of the company’s shares. The shares outstanding are 151.04M, and float is at 149.39M with Short Float at 4.48%. Institutions hold 86.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.35 million shares valued at $409.22 million. The investor’s holdings represent 12.9114% of the ASB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.71 million shares valued at $332.29 million to account for 10.4843 of the shares outstanding. The other top investors are FMR LLC which holds 13.55 million shares representing 9.0447% and valued at over $286.67 million, while DIMENSIONAL FUND ADVISORS LP holds 7.2271 of the shares totaling 10.83 million with a market value of $229.05 million.
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 8,061 shares of the company’s common stock on Sep 12 ’24 at a price of $20.48 per share for a total of $0.17 million. Following the sale, the insider now owns 54114.0 shares.
Still, SEC filings show that on Sep 12 ’24, VAN LITH KAREN (Director) Proposed Sale 3,121 shares at an average price of $20.54 for $64105.0. The insider now directly holds shares of Associated Banc-Corp. (ASB).
