ASB Stock Summary and Trading Ideas (Associated Banc-Corp | NYSE:ASB)

Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.

Associated Banc-Corp trades on the NYSE stock market under the symbol ASB.

As of April 19, 2024, ASB stock price climbed to $20.55 with 1,289,802 million shares trading.

ASB has a beta of 1.37, meaning it tends to be more sensitive to market movements. ASB has a correlation of 0.24 to the broad based SPY ETF.

ASB has a market cap of $3.09 billion. This is considered a Mid Cap stock.

Last quarter Associated Banc-Corp reported $259 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-17 million and exceeded earnings estimates by $.01.

In the last 3 years, ASB stock traded as high as $25.78 and as low as $14.47.

The top ETF exchange traded funds that ASB belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

ASB has underperformed the market in the last year with a return of +19.3%, while the SPY ETF gained +21.2%. In the last 3 month period, ASB fell short of the market, returning -0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks ASB has outperformed the stock market by returning -2.0%, while SPY returned -3.5%.

ASB support price is $19.71 and resistance is $20.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASB stock will trade within this expected range on the day.