On Tuesday, Associated Banc-Corp (NYSE: ASB) was 0.50% up from the session before settling in for the closing price of $25.87. A 52-week range for ASB has been $19.21 – $28.18.
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A company in the Financial sector has jumped its sales by 9.21% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -5.98%. With a float of $161.55 million, this company’s outstanding shares have now reached $163.25 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) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Associated Banc-Corp stocks. The insider ownership of Associated Banc-Corp is 1.04%, while institutional ownership is 79.20%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.98% 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
You can see what Associated Banc-Corp (ASB) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94. Likewise, its price to free cash flow for the trailing twelve months is 8.12.
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 2.38 in one year’s time.
Technical Analysis of Associated Banc-Corp (ASB)
Let’s dig in a bit further. During the last 5-days, its volume was 2.0 million. That was better than the volume of 1.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.82%. Additionally, its Average True Range was 0.68.
During the past 100 days, Associated Banc-Corp’s (ASB) raw stochastic average was set at 74.11%, which indicates a significant increase from 15.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.38% in the past 14 days, which was lower than the 38.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.45, while its 200-day Moving Average is $22.08. However, in the short run, Associated Banc-Corp’s stock first resistance to watch stands at $26.52. Second resistance stands at $27.04. The third major resistance level sits at $27.48. If the price goes on to break the first support level at $25.56, it is likely to go to the next support level at $25.12. Assuming the price breaks the second support level, the third support level stands at $24.60.
Associated Banc-Corp (NYSE: ASB) Key Stats
There are 151,255K outstanding shares of the company, which has a market capitalization of 4.24 billion. As of now, sales total 2,021 M while income totals 182,960 K. Its latest quarter income was 607,540 K while its last quarter net income were 88,020 K.
