At the time of writing, Associated Banc-Corp [ASB] stock is trading at $24.68, up 3.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASB shares have gain 2.24% over the last week, with a monthly amount drifted -6.05%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Associated Banc-Corp [NYSE: ASB] stock has seen the most recent analyst activity on July 17, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $27 for it. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $22. On October 04, 2023, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $18 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $24 on September 05, 2023. Raymond James upgraded its rating to a Outperform but $20 remained the price target by the analyst firm on July 06, 2023. UBS started tracking with a Neutral rating for this stock on March 15, 2023, and assigned it a price target of $22. In a note dated October 25, 2022, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $24.
For the past year, the stock price of Associated Banc-Corp fluctuated between $19.40 and $28.18. Currently, Wall Street analysts expect the stock to reach $24.5 within the next 12 months. Associated Banc-Corp [NYSE: ASB] shares were valued at $24.68 at the most recent close of the market. An investor can expect a potential drop of -0.73% based on the average ASB price forecast.
Analyzing the ASB fundamentals
According to Associated Banc-Corp [NYSE:ASB], the company’s sales were 2.19B for trailing twelve months, which represents an 5.12% jump. Gross Profit Margin for this corporation currently stands at 1.17% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, 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 0.05 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
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 24.26 points at the first support level, and at 23.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.90, and for the 2nd resistance point, it is at 25.13.
Ratios To Look Out For
It is important to note that Associated Banc-Corp [NYSE:ASB] has a current ratio of 0.03. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 20.73.
Transactions by insiders
Recent insider trading involved Ahern Patrick Edward, Executive Vice President, that happened on Nov 08 ’24 when 30777.0 shares were sold. Executive Vice President, Braeger Matthew R completed a deal on Nov 08 ’24 to sell 25923.0 shares. Meanwhile, EVP Warsek Gregory sold 39680.0 shares on Nov 07 ’24.
