Extremely important positive changes in investment behavior have recently occurred for Associated Banc-Corp (NYSE: ASB): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Associated Banc-Corp (NYSE: ASB). Slight positive changes in fundamentals have recently occurred: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ASB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Associated Banc-Corp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Associated Banc-Corp has a good Power Rating of 74 and a very high Appreciation Score of 87, resulting in the Highest Value Trend Rating.
Recent Price Action
Associated Banc-Corp (NYSE: ASB) stock enjoyed a large increase of 4.2% on 6/28/24. The stock closed at $21.15. Moreover, trading volume in this advance was exceptionally high at 252% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.6% during the last week.
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