Associated Banc-Corp (NYSE:ASB) went up by 5.03% from its latest closing price when compared to the 1-year high value of $23.26 and move down -82.57%, while ASB stocks collected +2.41% of gains with the last five trading sessions. Press Release reported on 04/23/20 that Associated Banc-Corp Reports First Quarter 2020 Earnings of $0.27 Per Common Share, or $0.28 Per Common Share Excluding $2 million in Acquisition Related Costs(1)
Associated Banc-Corp (NYSE:ASB) Worth an Investment?
Associated Banc-Corp (NYSE: ASB) scored price to earnings ratio above its average ratio, recording 6.67 times of increase in earnings at the present.
ASB Market Performance
ASB stocks went up by 2.41% for the week, with the monthly jump of 6.61% and a quarterly performance of -38.60%, while its annual performance rate touched -42.69%. The simple moving average for the period of the last 20 days is 1.19% for ASB stocks with the simple moving average of -33.45% for the last 200 days.
Analysts’ Opinion on Associated Banc-Corp (NYSE:ASB)
Many brokerage firms have already submitted their reports for ASB stocks, with Wells Fargo repeating the rating for ASB shares by setting it to “Equal Weight”. The predicted price for ASB socks in the upcoming period according to Wells Fargo is $15 based on the research report published on March 30, 2020.
Raymond James, on the other hand, stated in their research note that they expect to see ASB stock at the price of $15. The rating they have provided for ASB stocks is “Mkt Perform” according to the report published on February 20, 2020.
Wells Fargo gave “ Underweight” rating to ASB stocks, setting the target price at $20 in the report published on January 6, 2020.
ASB Stocks -12.79% Far from 50 Day Moving Average
After a stumble in the market that brought ASB to its low price for the period of the last 52 weeks, Associated Banc-Corp was unable to take a rebound, for now settling with -45.23% of loss for the given period.
The stock volatility was left at 6.59%, however, within the period of a single month, the volatility rate increased by 5.19%, while the shares sank at the distance of -4.21% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -37.64% lower at the present time.
In the course of the last 5 trading sessions, ASB went up by +2.41%, which changed the moving average for the period of 200 days to the total of -38.69% of losses for the stock in comparison to the 20-day moving average settled at $12.56. In addition, Associated Banc-Corp saw -42.20% in overturn over the period of a single year with a tendency to cut further losses.
ASB Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Associated Banc-Corp (ASB), starting from Crowley Michael T Jr, who bought 2,000 shares at the price of $12.21 back on Mar 12. After this action, Rushing now owns 721,508 shares of Associated Banc-Corp, valued at $24,420 with the latest closing price.
HUTCHINSON WILLIAM R, the Director of Associated Banc-Corp, bought 5,000 shares at the value of $13.34 during a trade that took place back on Mar 09, which means that HUTCHINSON WILLIAM R is holding 94,097 shares at the value of $66,686 based on the most recent closing price.
ASB Stock Fundamentals
The current profitability levels are settled at +26.62 for the present operating margin. The net margin for Associated Banc-Corp stands at +20.89. Total capital return value is set at 5.02, while invested capital returns managed to touch 4.50. Equity return holds the value 8.50%, with 0.90% for asset returns.
Based on Associated Banc-Corp (ASB), the company’s capital structure generated 108.22 points for debt to equity in total, while total debt to capital is set at the value of 51.98.
The value for Enterprise to Sales is 3.74 with debt to enterprise value settled at 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
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April 27, 2020 at 03:32PM
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Associated Banc-Corp (ASB) Fundamental and Technical Analysis Explained - The News Heater
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