Taking a Closer Look At Associated Banc-Corp (ASB) Following Its Recent Trade

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In a filing, Associated Banc-Corp revealed its Executive Vice President Utz John A. unloaded Company’s shares for reported $0.3 million on Oct 25. In the deal valued at $23.48 per share,12,659 shares were sold. As a result of this transaction, Utz John A. now holds 73,022 shares worth roughly $ 1.78 million.


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Then, KAMERICK EILEEN A sold 4,000 shares, generating $81,407 in total proceeds. Upon selling the shares at $20.35, the Director now owns 48,326 shares.

Before that, WILLIAMS JOHN B bought 1,000 shares. Associated Banc-Corp shares valued at $19,852 were divested by the Director at a price of $19.85 per share. As a result of the transaction, WILLIAMS JOHN B now holds 8,000 shares, worth roughly $0.19 million.

BofA Securities upgraded its Associated Banc-Corp [ASB] rating to a Neutral from a an Underperform in a research note published on Monday. PT values the company’s stock at a premium of -1.46 to its Monday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late March from “an Equal weight” to “an Overweight”. Wells Fargo revised its rating on June 04, 2021. It rated ASB as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of ASB

On Monday, Associated Banc-Corp [NYSE:ASB] saw its stock jump 0.12% to $24.35. On the same session, the stock had its day’s lowest price of $24.09, but rose to a high of $24.53. Associated Banc-Corp shares have risen nearly 7.79% since the year began. Nevertheless, the stocks have risen 5.82% over the past one year. While a 52-week high of $25.78 was reached on 02/08/22, a 52-week low of $17.45 was recorded on 07/14/22. SMA at 50 days reached $21.51, while 200 days put it at $21.42. A total of 0.73 million shares were traded, compared to the trading of 1.89 million shares in the previous session.

Levels Of Support And Resistance For ASB Stock

The 24-hour chart illustrates a support level at 24.12, which if violated will result in even more drops to 23.88. On the upside, there is a resistance level at 24.56. A further resistance level may holdings at 24.76. The Relative Strength Index (RSI) on the 14-day chart is 66.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.48%. Stochastics %K at 84.10% indicates the stock is a selling.

How much short interest is there in Associated Banc-Corp?

A steep rise in short interest was recorded in Associated Banc-Corp stocks on Jul 14, 2022, growing by 0.6 million shares to a total of 7.21 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.61 million shares. There was a rise of 8.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.17.

Associated Banc-Corp [ASB] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,234,586 shares, or roughly 10.80% of the outstanding ASB shares. In other words, the investor’s shares have risen by 418,875 from its previous 13-F filing of 15815711.0. Additionally, The Vanguard Group, Inc. increased 0.18% of its stake after which the total value it holdings stand at $295,514,107, while Dimensional Fund Advisors LP added 5.70% of its stake to hold $208.01 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -678,317 shares of Associated Banc-Corp, while FIAM LLC sold -22,394 shares. At present, Fidelity Management & Research Co is holding 3,760,759 shares valued at $75.52 million. Pzena Investment Management LLC owned 3,683,113 shares of the company at the time of its most recent 13F filing, worth $73.96 million.

According to FactSet, Associated Banc-Corp’s share price will average $24.75 in the next year, based on opinions of analysts polled by the firm. This is down nearly -1.32 percent from its previous closing price of $24.32. Analysts expect Associated Banc-Corp stock to reach the higher price of $28.00, while the lowest price estimate is $23.00. However, 10 analysts have rated ASB stock as a Hold in their predictions for 2022.

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