Associated Banc-Corp (NYSE: ASB) is -12.64% lower on its value in year-to-date trading and has touched a low of $18.32 and a high of $28.18 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 $20.01 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $20.88, the stock is 0.62% and -7.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing 4.35% at the moment leaves the stock -9.93% off its SMA200. ASB registered 4.19% gain for a year compared to 6-month loss of -9.84%. The firm has a 50-day simple moving average (SMA 50) of $22.4568 and a 200-day simple moving average (SMA200) of $23.18085.
The stock witnessed a -7.24% gain in the last 1 month and extending the period to 3 months gives it a -18.53%, and is 7.13% 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 3.32% over the week and 4.83% over the month.
Current P/E ratio is 26.89 and Fwd P/E is 7.76. Profit margin for the company is 5.23%. Distance from 52-week low is 13.97% and -25.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.04%).
The EPS is expected to grow by 11.95% this year.
Associated Banc-Corp (ASB) Top Institutional Holders
407.0 institutions hold shares in Associated Banc-Corp (ASB), with institutional investors hold 88.79% of the company’s shares. The shares outstanding are 166.18M, and float is at 163.87M with Short Float at 3.64%. Institutions hold 88.10% 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 12.9099% 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 10.4831 of the shares outstanding. The other top investors are FMR LLC which holds 13.55 million shares representing 9.0437% and valued at over $286.67 million, while DIMENSIONAL FUND ADVISORS LP holds 7.2262 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 KAMERICK EILEEN A, the company’s Director. SEC filings show that KAMERICK EILEEN A sold 7,000 shares of the company’s common stock on Mar 03 ’25 at a price of $24.71 per share for a total of $0.17 million. Following the sale, the insider now owns 49495.0 shares.
Still, SEC filings show that on Feb 14 ’25, WILLIAMS JOHN B (Director) disposed off 2,830 shares at an average price of $25.09 for $71014.0. The insider now directly holds 66,915 shares of Associated Banc-Corp (ASB).
