Associated Banc-Corp (NYSE:ASB) currently has a daily average trading volume of 2.13M but it saw 1685354 shares traded on Thursday. With a market cap of 2.39B USD, stock’s current market price of $15.49 came falling about -0.51 while comparing to the previous closing price of $15.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.50 and as low as $14.47. In the recent trading on the day, stock has struck highest price mark of $15.585 while lowest mark touched by it was $15.24.
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Taking a look at 20-day trading activity of Associated Banc-Corp (ASB) gives us an average price of $15.56, while its current price level is -39.25% below from 52-week high level whereas it is 7.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.00 while that of 200 days or SMA-200 reads an average of $21.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.67% during that period while stretching the period over a month that increases to 4.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.54 which implies that the stock is in neutral territory.
Associated Banc-Corp (ASB)’s stock is currently under the radar of 11 analysts who are in consensus at a 12-month price target range of between $18.00 and $24.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $18.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $24.00. Average price target assigned by them is $19.89 which highlights an upside potential of 22.12% for the stock over that period. And to attain the median price target of $19.00 assigned by those analysts, stock has to add about 18.47% of value to its current levels.
Data by FactSet Research shows that 11 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 9 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, ASB’s stock price is moving -0.51% down while it is -11.28% when we observe its performance for the past one month. Year-to-date it is -32.91% down and over the past year, the stock is showing a downside performance of -22.78%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.66 beat the consensus estimate of $0.64 for the same. The company is expected to be releasing its next quarterly report in 07/20/2023, for which analysts forecasted an EPS of $0.61 while estimate for next year EPS is $2.4. For ASB, analysts are forecasting an EPS-growth rate of 2.60% for current year and estimate for EPS growth in next year is -5.80%. In next quarter, company is expected to be making quarterly sales of $338.09 million as analysts are expecting the sales for current fiscal year at $1.35 billion and seeing the company making $1.35 billion in sales next year. Moreover, analysts are in estimates of $337.12 million for current-quarter revenue.
Currently, Associated Banc-Corp’s total number of outstanding shares is 149.76M with 1.40% of that held by the insiders while 82.75% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 20.40% and return on equity (ROE) at 10.00%. It has a price to earnings ratio (P/E ratio) of 6.12 while having a 6.85 of forward P/E ratio. Stock’s beta reads 0.99. Stock has a price to book (P/B) ratio of 0.59 while price to sale or P/S ratio amounts to 1.73. Its return on asset (ROA) is 1.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.45% in the Associated Banc-Corp (ASB) increasing its stake to 3.12% with control over 21193.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 4,691,988 of company’s common stock of worth $83.66 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in Associated Banc-Corp, as Vanguard Total Stock Market ETF picked 4,427,765 shares of worth $78.95 million to bring its holdings to a total of 65822.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.74 million or 2.49% of the company’s stake having worth of about 66.71 million.
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