Associated Banc-Corp (ASB): Analysis on latest insider activities

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Associated Banc-Corp (NYSE:ASB) changes shares on Wednesday trading session, with a change of 3.33% or $0.43 shares. The trading starts at $13.08 and closed at $12.91 throughout the day. The trading session low price was $13.015 and day high was $13.38 on Wednesday, August 05. After the session, the Financial sector daily volume shifted to 0.94 million while its average volume is 1.33M. In other hand, the ASB market cap reached to $2.10B. While, its current target price is $15.33.

On March 21, 2020, BRIEF-Associated Bank announces financial relief measures to support customers affected by COVID-19. According to the news reported on Reuters, * ASSOCIATED BANC-CORP- ASSOCIATED BANK’S COVID-19 RELIEF PROGRAM INCLUDES SUSPENDING FEES ON A RANGE OF LOAN AND DEPOSIT PRODUCTS UP TO 90 DAYS

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.04% and up 4.71% for month. Its quarterly performance was -0.45% below, while its half year performance is down -35.80%. ASB yearly performance stood at negative -33.53% and fall -39.47% for year-to-date. Current recommendation for Associated Banc-Corp is 3.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ASB EPS (TTM) for 12-month is 2.13. EPS for this year is 6.00%, while for the next year its value is 0.99. Sales growth for the current quarter is 1.04 while its EPS Q/Q reached -46.10%. It has an EPS of 10.50% up for past five years and for the next five years will be up 6.00%.

Let’s take a look on the analyst recommendations on ASB for the current month and previous month. For the current month, 0 of 10 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 1 as underweight and 9 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $13.00 – $18.00. Average target price for ASB was reached at $15.33.

Vanguard Group, Inc. (The), Blackrock Inc. and Dimensional Fund Advisors LP are the top three holders in Associated Banc-Corp (ASB) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 15.87 million shares which valued 202.95 million. On Mar 30, 2020, Blackrock Inc. owned 14.98 million shares which valued at 191.54 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 11.18 million shares which valued at 142.95 million. In the end, Dimensional Fund Advisors LP have 7.15% shares outstanding of Associated Banc-Corp (ASB) on Mar 30, 2020. The insider ownership moved to 1.50% and institutional holding shifted to 76.60%.

The company posted an EPS (TTM) of 2.13. According to the most recent quarter report on (Sep 2020), 9 analysts estimated an average EPS of 0.22, while 0.51 EPS posted a year ago period. Analyst Estimated EPS for ASB published in the report was -$0.12 – $0.33 during the same period. Comparing with last year, the average estimated EPS was 0.51 which is lower than 0.94 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ASB fall -20.95% for period of 200 days. SMA for 50 days was -3.36% which is showing red signal, while SMA-20 was 3.01%. The moving average value for Associated Banc-Corp (ASB) is 2.25M and 1.34% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ASB stock. On Aug 03, Del Moral-Niles Christopher, Chief Financial Officer, bought 2,000 trading shares at the cost of $12.98, which valued at 25960.0. On Jun 09, Haddad Michael J, Director, bought 2,000 shares at the cost of $25.00, with total shares of 2,000. On Jun 09, KLAPPA GALE E, Director, bought 2,000 shares at the cost of 25.00. After this transaction, KLAPPA GALE E total shares reached to 2,000 which valued at 50000.0.