Stocks of Associated Banc-Corp (NYSE:ASB) traded higher last session on Wall Street, down -0.26% to $26.60.
ASB stock price is now 16.59% away from the 50-day moving average and 23.16% away from the 200-day moving average. The market capitalization of the company currently stands at $4.01B.
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With the price target maintained at $27, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Associated Banc-Corp (NYSE: ASB). On March 08, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $22, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Ahern Patrick Edward, Executive Vice President sold 30,777 shares of the company’s stock on Nov 08 ’24. The stock was sold for $826,455 at an average price of $26.85. Upon completion of the transaction, the Executive Vice President now directly owns 37,087 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Executive Vice President Braeger Matthew R sold 25,923 shares of the business’s stock. A total of $690,666 was realized by selling the stock at an average price of $26.64. This leaves the insider owning 12,939 shares of the company worth $0.34 million. A total of 1.04% of the company’s stock is owned by insiders.
During the past 12 months, Associated Banc-Corp has had a low of $17.30 and a high of $28.18. According to the stock market information, the enterprise value for the company is $6862122496, which is based on a 22.35 price-to-earnings ratio, a 3.58 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for ASB is $22.8152 and a two-hundred day moving average price translates $21.59745 for the stock.
The latest earnings results from Associated Banc-Corp (NYSE: ASB) was released for 2024-09-30. The net profit margin was 8.26% and return on equity was 4.63% for ASB. The company reported revenue of $540.32 million for the quarter, compared to $508.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.23 percent.
