Is A Rebound Possible? Associated Banc-Corp (ASB)

Wall Street analysts will be watching closely when Associated Banc-Corp (NYSE:ASB) reports its quarterly earnings next, which is scheduled for Thu 24 Jan (In 11 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.51 per share. In the preceding quarter, the company reportedly generated EPS of $0.49 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 78.20%, a profit margin of 26.30% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Associated Banc-Corp (NYSE:ASB). Most recently, on January 10th, 2019, BofA/Merrill Downgrade a Underperform rating. Before that, on January 8th, 2019, Jefferies Upgrade to Buy. Raymond James Downgrade a Underperform rating on January 7th, 2019, Sandler O’Neill Downgrade an Hold rating on October 19th, 2018, and Sandler O’Neill Upgrade a Buy rating on April 20th, 2018.

At its current price point, combined with the fact that this company has 165.38M shares outstanding, the current market capitalization sits at 3.37B. In the last trading day, 1,052,399 shares of Associated Banc-Corp were traded, which compares to its usual volume of about 1.49M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.14 in the past five trading days, resulting in a percentage change of +0.69% and a moving average of 20.38. In the past 20 days, its price changed by -$0.91 (which is -4.27%) and the stock’s moving average was 19.93. Looking back a full 50 days, shares of ASB changed by -$2.57 (which is -11.19%) and demonstrated a moving average of 21.66.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 81.69%, a 14-day Stochastic %K score of 87.64% and a 20-day Stochastic %K score of 62.40%. Using a similar metric, Associated Banc-Corp (ASB) shares showed a Stochastic %D of 85.98% over the past 9 days, a Stochastic %D score of 87.07% over the last 14 days, and a 20-day Stochastic %D of 60.69%. Meanwhile, this stock’s MACD Oscillator was 0.21 over the past 9 days, 0.54 over the past two weeks, and 0.46 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $20.39 level. Over the past 12 months, this stock has experienced a high price of $29.02 and a low of $18.53. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Associated Banc-Corp (NYSE:ASB) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 15,384,496 shares of the company’s stock following the addition of 305,271 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.28% stake in Associated Banc-Corp (ASB)’s shares.

Just in the most recent trading day, Associated Banc-Corp (NYSE:ASB) experienced a high price of $20.47 and low point of $20.11. At the end of the last trading session, this stock was at 20.39 per share, following a loss of -$0.1, or 0.25% during the full day.