Associated Banc-Corp (NYSE: ASB) has reported earnings for its third fiscal quarter (ending September 30) of $0.56 versus $0.53 for the same period a year ago — an increase of 6%. For the latest four quarters through September 30, E.P.S. were $1.20 versus $2.46 for the same period a year ago — a decline of -51%.
Recent Price Action
Associated Banc-Corp (NYSE: ASB) stock rose modestly by 1.0% on 10/24/24. The stock closed at $22.68. Moreover, unusually high trading volume at 195% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.0% 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Associated Banc-Corp has a neutral Power Rating of 58 but a very high Appreciation Score of 87, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment