Associated Banc-Corp (NYSE:ASB) shares, rose in value on Wednesday, January 22, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $25.52.
Actively observing the price movement in the last trading, the stock closed the session at $25.63, falling within a range of $25.22 and $25.5775. The value of beta (5-year monthly) was 0.904 whereas the PE ratio was 21.44 over 12-month period. Referring to stock’s 52-week performance, its high was $28.18, and the low was $19.40. On the whole, ASB has fluctuated by 6.82% over the past month.
With the market capitalization of Associated Banc-Corp currently standing at about $4.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.89, with its dividend yield at 3.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.32B, with a low estimate of 333.36M and a high estimate of 348M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 341.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.78, with the price of ASB currently trading nearly 4.79% and 0.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.12, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 2.56%. Furthermore, Associated Banc-Corp (ASB)’s beta value is 0.93, and its average true range (ATR) is 0.68.
A comparison of Associated Banc-Corp (ASB) with its peers suggests the former has fared considerably weaker in the market. ASB showed an intraday change of -0.43% in last session, and over the past year, it grew by 19.42%%.
Data on historical trading for Associated Banc-Corp (NYSE:ASB) indicates that the trading volumes over the past 10 days have averaged 1.71 and over the past 3 months, they’ve averaged 1.85 million. According to company’s latest data on outstanding shares, there are 163.25 million shares outstanding.
Nearly 0.98% of Associated Banc-Corp’s shares belong to company insiders and institutional investors own 79.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.65 million shares as on 2024-12-31, resulting in a short ratio of 2.38. According to the data, the short interest in Associated Banc-Corp (ASB) stood at 285.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 3.32 million. The stock has risen by 6.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASB stock heading into the next quarter.
