Let’s look at the key reasons that are pushing Associated Banc-Corp (ASB) to new highs

On Friday, Associated Banc-Corp (NYSE: ASB) was 1.22% up from the session before settling in for the closing price of $23.70. A 52-week range for ASB has been $19.40 – $28.18.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 9.21%. When this article was written, the company’s average yearly earnings per share was at -4.72%. With a float of $161.67 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) Breakdown of a Key Holders of the stock

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 0.97%, 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) Recent Fiscal highlights

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 -4.72% 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 1.81. Likewise, its price to free cash flow for the trailing twelve months is 7.59.

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)

Compared to the last year’s volume of 1.46 million, its volume of 1.93 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.38%. Additionally, its Average True Range was 0.77.

During the past 100 days, Associated Banc-Corp’s (ASB) raw stochastic average was set at 50.24%, which indicates a significant increase from 17.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.68% in the past 14 days, which was lower than the 38.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $25.09, while its 200-day Moving Average is $22.25. Nevertheless, the first resistance level for the watch stands at $24.37 in the near term. At $24.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.21. If the price goes on to break the first support level at $23.53, it is likely to go to the next support level at $23.06. Now, if the price goes above the second support level, the third support stands at $22.69.

Associated Banc-Corp (NYSE: ASB) Key Stats

There are 151,255K outstanding shares of the company, which has a market capitalization of 3.96 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.