Associated Banc-Corp (NYSE:ASB) shares, rose in value on Friday, May 09, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $23.20.
Actively observing the price movement in the last trading, the stock closed the session at $23.26. The PE ratio was 27.24 over 12-month period. Referring to stock’s 52-week performance, its high was $28.18, and the low was $18.32. On the whole, ASB has fluctuated by 12.57% over the past month.
With the market capitalization of Associated Banc-Corp currently standing at about $3.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 3.88%.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.26, with the price of ASB currently trading nearly 7.43% and 6.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.03, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 3.33%. Furthermore, Associated Banc-Corp (ASB)’s beta value is 0.79, and its average true range (ATR) is 0.79.
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 -0.26% in last session, and over the past year, it grew by 4.74%%.
Data on historical trading for Associated Banc-Corp (NYSE:ASB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.72 million. According to company’s latest data on outstanding shares, there are 165.81 million shares outstanding.
Nearly 1.07% of Associated Banc-Corp’s shares belong to company insiders and institutional investors own 86.90% of the company’s shares. The stock has fallen by -2.93% 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.
