A new trading day began on Monday, with Associated Banc-Corp (NYSE: ASB) stock price down -0.23% from the previous day of trading, before settling in for the closing price of $26.60. ASB’s price has ranged from $17.30 to $28.18 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 9.21%. Meanwhile, its annual earnings per share averaged -6.23%. With a float of $149.68 million, this company’s outstanding shares have now reached $151.04 million.
In terms of profitability, gross margin is 117.05%, operating margin of 12.48%, and the pretax margin is 10.66%.
Associated Banc-Corp (ASB) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Associated Banc-Corp is 1.04%, while institutional ownership is 85.45%. The most recent insider transaction that took place on Nov 08 ’24, was worth 826,455. In this transaction Executive Vice President of this company sold 30,777 shares at a rate of $26.85, taking the stock ownership to the 37,087 shares. Before that another transaction happened on Nov 08 ’24, when Company’s Executive Vice President sold 25,923 for $26.64, making the entire transaction worth $690,666. This insider now owns 12,939 shares in total.
Associated Banc-Corp (ASB) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.53 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -6.23% 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
Here are Associated Banc-Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.83. Likewise, its price to free cash flow for the trailing twelve months is 7.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.19, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.23 in one year’s time.
Technical Analysis of Associated Banc-Corp (ASB)
Looking closely at Associated Banc-Corp (NYSE: ASB), its last 5-days average volume was 3.63 million, which is a jump from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 57.49%. Additionally, its Average True Range was 0.84.
During the past 100 days, Associated Banc-Corp’s (ASB) raw stochastic average was set at 80.52%, which indicates a significant increase from 68.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.73% in the past 14 days, which was higher than the 40.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.92, while its 200-day Moving Average is $21.63. However, in the short run, Associated Banc-Corp’s stock first resistance to watch stands at $26.81. Second resistance stands at $27.08. The third major resistance level sits at $27.23. If the price goes on to break the first support level at $26.40, it is likely to go to the next support level at $26.25. Now, if the price goes above the second support level, the third support stands at $25.98.
Associated Banc-Corp (NYSE: ASB) Key Stats
With a market capitalization of 4.00 billion, the company has a total of 151,255K Shares Outstanding. Currently, annual sales are 2,021 M while annual income is 182,960 K. The company’s previous quarter sales were 607,540 K while its latest quarter income was 88,020 K.
