Associated Banc-Corp (NYSE: ASB) has reported earnings for its second fiscal quarter (ending June 30) of $0.75 versus $0.56 for the same period a year ago — an increase of 34%. Relative to the consensus estimate of $0.52, this was a premium of $0.23. For the latest four quarters through June 30, E.P.S. were $1.17 versus $2.55 for the same period a year ago — a decline of -54%.
Recent Price Action
Associated Banc-Corp (NYSE: ASB) stock enjoyed a large increase of 3.4% on 7/25/24. The stock closed at $23.93. Moreover, exceptionally high trading volume at 297% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 2.0% during the last week.
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). This rating combines consistent signals from two proprietary PTR 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.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment