Associated Banc-Corp [ASB] Stock sold by Insider Erickson Randall J. for $0.5 million


Associated Banc-Corp’s filing revealed that its Executive Vice President Erickson Randall J. unloaded Company’s shares for reported $0.5 million on Aug 04. In the deal valued at $19.00 per share,26,335 shares were sold. As a result of this transaction, Erickson Randall J. now holds 138,055 shares worth roughly $ 2.4 million.

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Then, GERKEN R JAY bought 3,000 shares, generating $48,207 in total proceeds. Upon buying the shares at $16.07, the Director now owns 42,036 shares.

Before that, Haddad Michael J bought 5,750 shares. Associated Banc-Corp shares valued at $99,773 were divested by the Director at a price of $17.35 per share. As a result of the transaction, Haddad Michael J now holds 5,750 shares, worth roughly $99992.5.

Robert W. Baird upgraded its Associated Banc-Corp [ASB] rating to an Outperform from a a Neutral in a research note published on Tuesday, September 05, 2023; the price target was increased to $24 from $19. PT values the company’s stock at a premium of 27.54 to its Tuesday closing price.

Price Performance Review of ASB

On Tuesday, Associated Banc-Corp [NYSE:ASB] saw its stock fall -1.58% to $17.39. On the same session, the stock had its day’s lowest price of $17.345, but rose to a high of $18.04. Over the last five days, the stock has gained 2.72%. Associated Banc-Corp shares have fallen nearly -24.69% since the year began. Nevertheless, the stocks have fallen -12.88% over the past one year. While a 52-week high of $25.50 was reached on 02/07/23, a 52-week low of $14.47 was recorded on 05/16/23. SMA at 50 days reached $17.60, while 200 days put it at $19.50. A total of 1.93 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For ASB Stock

The 24-hour chart illustrates a support level at 17.14, which if violated will result in even more drops to 16.90. On the upside, there is a resistance level at 17.84. A further resistance level may holdings at 18.29. The Relative Strength Index (RSI) on the 14-day chart is 47.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.69%. Stochastics %K at 69.78% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Associated Banc-Corp stocks on Aug 14, 2023, growing by 0.78 million shares to a total of 6.51 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.73 million shares. There was a rise of 11.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.38.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 17,050,037 shares, or roughly 11.30% of the outstanding ASB shares. In other words, the investor’s shares have risen by 133,831 from its previous 13-F filing of 16916206.0. Additionally, The Vanguard Group, Inc. decreased -0.68% of its stake after which the total value it holdings stand at $288,138,256, while Dimensional Fund Advisors LP reduced -5.84% of its stake to hold $197.22 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,118,108 shares of Associated Banc-Corp, while Fidelity Management & Research Co bought 262,571 shares. At present, FIAM LLC is holding 6,051,500 shares valued at $114.68 million. Geode Capital Management LLC owned 3,036,245 shares of the company at the time of its most recent 13F filing, worth $57.54 million.

According to FactSet, Associated Banc-Corp’s share price will average $20.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.19 percent from its previous closing price of $17.67. Analysts expect Associated Banc-Corp stock to reach the higher price of $24.00, while the lowest price estimate is $18.00. However, 11 analysts have rated ASB stock as a Hold in their predictions for 2023.


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