Associated Banc-Corp (NYSE: ASB) is 11.69% higher on its value in year-to-date trading and has touched a low of $19.40 and a high of $28.18 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 $25.10 in the last trading session, with the day’s loss setting it -1.21%.
Currently trading at $23.89, the stock is -8.63% and -4.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -4.82% at the moment leaves the stock 7.51% off its SMA200. ASB registered 12.96% gain for a year compared to 6-month gain of 17.05%. The firm has a 50-day simple moving average (SMA 50) of $24.9352 and a 200-day simple moving average (SMA200) of $22.2092.
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The stock witnessed a -9.98% loss in the last 1 month and extending the period to 3 months gives it a 7.66%, and is -9.06% 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 3.53% over the week and 2.53% over the month.
Current P/E ratio is 20.07 and Fwd P/E is 10.05. Profit margin for the company is 8.26%. Distance from 52-week low is 23.14% and -15.22% from its 52-week high. The company has generated returns on investments over the last 12 months (3.10%).
The EPS is expected to shrink by -4.74% this year
394.0 institutions hold shares in Associated Banc-Corp (ASB), with institutional investors hold 80.37% of the company’s shares. The shares outstanding are 163.25M, and float is at 161.68M with Short Float at 2.06%. Institutions hold 79.80% 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 Ahern Patrick Edward, the company’s Executive Vice President. SEC filings show that Ahern Patrick Edward sold 30,777 shares of the company’s common stock on Nov 08 ’24 at a price of $26.85 per share for a total of $0.83 million. Following the sale, the insider now owns 37087.0 shares.
Associated Banc-Corp disclosed in a document filed with the SEC on Nov 08 ’24 that Braeger Matthew R (Executive Vice President) sold a total of 25,923 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $26.64 per share for $0.69 million. Following the transaction, the insider now directly holds 12939.0 shares of the ASB stock.
Still, SEC filings show that on Nov 07 ’24, Warsek Gregory (EVP) disposed off 39,680 shares at an average price of $27.46 for $1.09 million. The insider now directly holds 9,822 shares of Associated Banc-Corp (ASB).
