Associated Banc-Corp (NYSE: ASB) on Monday, soared 3.21% from the previous trading day, before settling in for the closing price of $26.78. Within the past 52 weeks, ASB’s price has moved between $16.59 and $28.17.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 9.21%. The company achieved an average annual earnings per share of -5.92%. With a float of $149.70 million, this company’s outstanding shares have now reached $151.04 million.
In terms of profitability, gross margin is 117.05%, operating margin of 12.45%, and the pretax margin is 10.66%.
Associated Banc-Corp (ASB) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Associated Banc-Corp is 1.03%, while institutional ownership is 84.75%. The most recent insider transaction that took place on Nov 07 ’24, was worth 1,089,811. In this transaction EVP of this company sold 39,680 shares at a rate of $27.46, taking the stock ownership to the 9,822 shares. Before that another transaction happened on Nov 08 ’24, when Company’s Officer proposed sale 30,777 for $26.84, making the entire transaction worth $826,127.
Associated Banc-Corp (ASB) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.53 earnings per share (EPS) for the period topping the consensus outlook (set at 0.52) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.25% during the next five years compared to -9.80% drop over the previous five years of trading.
Associated Banc-Corp (NYSE: ASB) Trading Performance Indicators
Associated Banc-Corp (ASB) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.90. Likewise, its price to free cash flow for the trailing twelve months is 7.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.19, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.31 in one year’s time.
Technical Analysis of Associated Banc-Corp (ASB)
Compared to the last year’s volume of 1.36 million, its volume of 2.39 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.24%. Additionally, its Average True Range was 0.91.
During the past 100 days, Associated Banc-Corp’s (ASB) raw stochastic average was set at 93.59%, which indicates a significant increase from 91.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.99% in the past 14 days, which was higher than the 40.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.41, while its 200-day Moving Average is $21.49. Nevertheless, the first resistance level for the watch stands at $28.16 in the near term. At $28.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.18. If the price goes on to break the first support level at $27.14, it is likely to go to the next support level at $26.64. Should the price break the second support level, the third support level stands at $26.12.
Associated Banc-Corp (NYSE: ASB) Key Stats
Market capitalization of the company is 4.17 billion based on 151,255K outstanding shares. Right now, sales total 2,021 M and income totals 182,960 K. The company made 607,540 K in profit during its latest quarter, and 88,020 K in sales during its previous quarter.
