Associated Banc-Corp [NYSE: ASB] stock went on a downward path that fall over -0.19% on Thursday, amounting to a one-week price decrease of less than -2.47%.
Over the last 12 months, ASB stock rose by 38.47%. The one-year Associated Banc-Corp stock forecast points to a potential upside of 6.19. The average equity rating for ASB stock is currently 2.89, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.25 billion, with 163.25 million shares outstanding and 161.55 million shares in the current float. Compared to the average trading volume of 1.69M shares, ASB stock reached a trading volume of 2632881 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Associated Banc-Corp [ASB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASB shares is $27.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASB stock is a recommendation set at 2.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Associated Banc-Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on March 08, 2024, representing the official price target for Associated Banc-Corp stock. Previously, the target price had yet another raise to $18, while Wells Fargo analysts kept a Equal Weight rating on ASB stock. On September 05, 2023, analysts increased their price target for ASB shares from 19 to 24.
The Average True Range (ATR) for Associated Banc-Corp is set at 0.69, with the Price to Sales ratio for ASB stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 0.93. Price to Free Cash Flow for ASB in the course of the last twelve months was 8.14.
ASB Stock Performance Analysis:
Associated Banc-Corp [ASB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.47. With this latest performance, ASB shares gained by 8.63% in over the last four-week period, additionally plugging by 26.32% over the last 6 months – not to mention a rise of 38.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASB stock in for the last two-week period is set at 52.71, with the RSI for the last a single of trading hit 45.78, and the three-weeks RSI is set at 55.81 for Associated Banc-Corp [ASB]. The present Moving Average for the last 50 days of trading for this stock 24.18, while it was recorded at 26.23 for the last single week of trading, and 22.00 for the last 200 days.
Insight into Associated Banc-Corp Fundamentals:
Associated Banc-Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.03.
ASB Stock EPS
With the latest financial reports released by the company, Associated Banc-Corp posted 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Associated Banc-Corp go to 6.25%.
Associated Banc-Corp [ASB] Institutonal Ownership Details
There are presently around $79.84%, or 80.42%% of ASB stock, in the hands of institutional investors. The top three institutional holders of ASB stocks are: BLACKROCK INC. with ownership of 19.35 million shares, which is approximately 12.9114%. VANGUARD GROUP INC, holding 15.71 million shares of the stock with an approximate value of $$332.29 million in ASB stocks shares; and VANGUARD GROUP INC, currently with $$286.67 million in ASB stock with ownership which is approximately 9.0447%.
