Associated Banc-Corp. [ASB] stock is trading at $22.33, up 2.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASB shares have gain 9.95% over the last week, with a monthly amount glided 9.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Associated Banc-Corp. [NYSE: ASB] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $22. Previously, Wells Fargo downgraded its rating to Equal Weight on October 04, 2023, and kept the price target unchanged to $18. On September 05, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $24 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $20 on July 06, 2023. UBS initiated its recommendation with a Neutral and recommended $22 as its price target on March 15, 2023. BofA Securities upgraded its rating to Neutral for this stock on October 25, 2022, but kept the price target unchanged to $24. In a note dated March 21, 2022, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $26 to $28.
Associated Banc-Corp. [ASB] stock has fluctuated between $15.16 and $22.77 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Associated Banc-Corp. [NYSE: ASB] shares were valued at $22.33 at the most recent close of the market. An investor can expect a potential drop of -1.48% based on the average ASB price forecast.
Analyzing the ASB fundamentals
Associated Banc-Corp. [NYSE:ASB] reported sales of 2.11B for the trailing twelve months, which represents a growth of 17.51%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.05 points at the first support level, and at 21.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.60, and for the 2nd resistance point, it is at 22.87.
Ratios To Look Out For
For context, Associated Banc-Corp.’s Current Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 22.82.
Transactions by insiders
Recent insider trading involved Utz John A., Executive Vice President, that happened on May 06 ’24 when 2500.0 shares were sold. Executive Vice President, Kitowski Nicole M completed a deal on Apr 30 ’24 to sell 5019.0 shares. Meanwhile, Director VAN LITH KAREN sold 5499.0 shares on Mar 06 ’24.
