BofA Securities raised the price target for the Associated Banc-Corp (NYSE:ASB) stock from “an Underperform” to “a Neutral”. The rating was released on October 25, 2022, according to finviz. We previously noted in another research note published on March 21, 2022 by Wells Fargo that upgraded the stock from an Equal weight to an Overweight with a price target of $28 for ASB stock. The research report from BofA Securities has resumed the stock to Underperform, with a price target set at $23. The stock was downgraded by Wells Fargo, who disclosed in a research note on June 04, 2021, from Overweight to Equal Weight and set the price objective to $24. In their research brief published October 08, 2020, Wells Fargo analysts upgraded the Associated Banc-Corp stock from Equal Weight to Overweight with a price target of $18.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Associated Banc-Corp (NYSE:ASB) dipped -1.72% to close Tuesday’s market session at $22.25, lower as compared to yesterday’s close. The stock price fluctuated between $22.205 and $22.51 throughout the trading session with the volume trading being 1066014 shares, which represented a significant variation when compared to the three months average volume of 1.17 million shares. The firm’s stock price fluctuated -2.97% within the last five trades and -1.68% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.04% in the last 6 months and -1.16% was subtracted to its value over the previous 3 months. ASB stock is trading at a margin of -2.74%, -4.46% and 4.71% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ASB deals in the Financial domain. The stock is trading -13.69 percent below its 52-week high and 27.51 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -3.51. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Associated Banc-Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 88.70 percent and the profit margin is 33.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.26 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Associated Banc-Corp (NYSE:ASB) is 10.43. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.85. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.41 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.88, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Associated Banc-Corp shares are owned by insiders, and 81.60 percent are held by financial institutions. Stadler Tammy C., the Principal Accounting Officer at Associated Banc-Corp (ASB) has sold 10,941 shares of firm on Nov 22 at a price of $24.68 against the total amount of $0.27 million. In another inside trade, Stein David L, Executive Vice President of Associated Banc-Corp (NYSE:ASB) sold 12,000 shares of the firm on Nov 07 for a total worth of $0.29 million at a price of $24.32. An inside trade which took place on Oct 25, Executive Vice President of Associated Banc-Corp Utz John A. sold 12,659 shares of firm against total price of $0.3 million at the cost of $23.48 per share.