Associated Banc-Corp (NYSE: ASB) is -2.76% 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 $22.47 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $23.24, the stock is 12.00% and 5.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 3.43% at the moment leaves the stock 0.10% off its SMA200. ASB registered 10.30% gain for a year compared to 6-month loss of -1.32%. The firm has a 50-day simple moving average (SMA 50) of $22.007 and a 200-day simple moving average (SMA200) of $23.21595.
The stock witnessed a 2.74% gain in the last 1 month and extending the period to 3 months gives it a -7.56%, and is 4.08% 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 2.62% over the week and 5.07% over the month.
Current P/E ratio is 27.29 and Fwd P/E is 8.49. Profit margin for the company is 6.21%. Distance from 52-week low is 26.86% and -17.53% from its 52-week high. The company has generated returns on investments over the last 12 months (2.38%).
with sales reaching $362.78M over the same period.The EPS is expected to grow by 15.48% this year, but quarterly earnings will post 40.51% year-over-year. Quarterly sales are estimated to grow 12.75% in year-over-year returns.
Associated Banc-Corp (ASB) Top Institutional Holders
411.0 institutions hold shares in Associated Banc-Corp (ASB), with institutional investors hold 88.73% of the company’s shares. The shares outstanding are 165.81M, and float is at 164.04M with Short Float at 3.73%. Institutions hold 88.04% 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).
