Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $26.33 in the prior trading day, Associated Banc-Corp (NYSE: ASB) closed at $25.95, down -1.44%. In other words, the price has decreased by -$1.44 from its previous closing price. On the day, 2.03 million shares were traded. ASB stock price reached its highest trading level at $26.45 during the session, while it also had its lowest trading level at $25.87.
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 0.88 whereas as Long-Term Debt/Eq ratio is at 0.34.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $22.
Wells Fargo Downgraded its Overweight to Equal Weight on October 04, 2023, while the target price for the stock was maintained at $18.
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 Nov 08 ’24 when Ahern Patrick Edward sold 30,777 shares for $26.85 per share. The transaction valued at 826,455 led to the insider holds 37,087 shares of the business.
Braeger Matthew R sold 25,923 shares of ASB for $690,666 on Nov 08 ’24. The Executive Vice President now owns 12,939 shares after completing the transaction at $26.64 per share. On Nov 07 ’24, another insider, Warsek Gregory, who serves as the EVP of the company, sold 39,680 shares for $27.46 each. As a result, the insider received 1,089,811 and left with 9,822 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 4283177472 and an Enterprise Value of 6765326336. As of this moment, Associated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.80, and their Forward P/E ratio for the next fiscal year is 11.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 6.714.
Stock Price History:
Over the past 52 weeks, ASB has reached a high of $28.18, while it has fallen to a 52-week low of $18.56. The 50-Day Moving Average of the stock is 8.18%, while the 200-Day Moving Average is calculated to be 18.22%.
Shares Statistics:
The stock has traded on average 1.66M shares per day over the past 3-months and 2304890 shares per day over the last 10 days, according to various share statistics. A total of 163.25M shares are outstanding, with a floating share count of 161.55M. Insiders hold about 1.04% of the company’s shares, while institutions hold 79.20% stake in the company. Shares short for ASB as of 1731628800 were 3434748 with a Short Ratio of 2.07, compared to 1728950400 on 4667400. Therefore, it implies a Short% of Shares Outstanding of 3434748 and a Short% of Float of 3.01.
Dividends & Splits
In the trailing 12 months, ASB’s forward annual dividend rate was 0.88, compared to 0.89 this year. Against a Trailing Annual Dividend Yield of 0.033421952The stock’s 5-year Average Dividend Yield is 4.1.
