After finishing at $21.11 in the prior trading day, Associated Banc-Corp. (NYSE: ASB) closed at $20.82, down -1.37%. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 947570 shares were traded. ASB stock price reached its highest trading level at $21.22 during the session, while it also had its lowest trading level at $20.74.
Ratios:
Our goal is to gain a better understanding of ASB by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $22.
On October 04, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $18.
Robert W. Baird Upgraded its Neutral to Outperform on September 05, 2023, whereas the target price for the stock was revised from $19 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when VAN LITH KAREN sold 5,499 shares for $21.28 per share. The transaction valued at 117,019 led to the insider holds 61,178 shares of the business.
Utz John A. sold 14,010 shares of ASB for $297,031 on Mar 05 ’24. The Executive Vice President now owns 89,880 shares after completing the transaction at $21.20 per share. On Mar 05 ’24, another insider, KAMERICK EILEEN A, who serves as the Director of the company, sold 5,000 shares for $21.02 each. As a result, the insider received 105,101 and left with 50,126 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASB now has a Market Capitalization of 3.15B. As of this moment, Associated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.51, and their Forward P/E ratio for the next fiscal year is 8.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 0.79.
Stock Price History:
Over the past 52 weeks, ASB has reached a high of $22.16, while it has fallen to a 52-week low of $14.47. The 50-Day Moving Average of the stock is 20.95, while the 200-Day Moving Average is calculated to be 18.38.
Shares Statistics:
The stock has traded on average 1.57M shares per day over the past 3-months and 1.3M shares per day over the last 10 days, according to various share statistics. A total of 151.04M shares are outstanding, with a floating share count of 149.32M. Insiders hold about 1.17% of the company’s shares, while institutions hold 83.69% stake in the company. Shares short for ASB as of Feb 29, 2024 were 4.02M with a Short Ratio of 2.56, compared to 3.98M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.66% and a Short% of Float of 3.56%.
Dividends & Splits
In the trailing 12 months, ASB’s forward annual dividend rate was 0.85, compared to 0.86 this year. Against a Trailing Annual Dividend Yield of 4.03%, it implies a Forward Annual Dividend Yield of 4.23%. The stock’s 5-year Average Dividend Yield is 4.00. The current Payout Ratio is 75.24% for ASB, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on May 13, 2004 when the company split stock in a 3:2 ratio.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.54 and a low estimate of $0.44, while EPS last year was $0.66. The consensus estimate for the next quarter is $0.51, with high estimates of $0.55 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.25 and $1.71 for the fiscal current year, implying an average EPS of $2.11. EPS for the following year is $2.35, with 10 analysts recommending between $2.5 and $2.12.
Revenue Estimates
9 analysts predict $324.43M in revenue for the current quarter. It ranges from a high estimate of $329.08M to a low estimate of $315.87M. As of the current estimate, Associated Banc-Corp.’s year-ago sales were $326.08M, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $330.53M, a decrease of -0.70% less than the figure of -$0.50% in the same quarter last year. There is a high estimate of $336.97M for the next quarter, whereas the lowest estimate is $310.54M.
A total of 9 analysts have provided revenue estimates for ASB’s current fiscal year. The highest revenue estimate was $1.36B, while the lowest revenue estimate was $1.27B, resulting in an average revenue estimate of $1.33B. In the same quarter a year ago, actual revenue was $1.1B, up 20.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.41B in the next fiscal year. The high estimate is $1.45B and the low estimate is $1.39B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
