Alert: Positive Investment/Fundamental Signals (11/17/23)-Associated Banc-Corp (NYSE: ASB)


Recent exceptional positive changes in investment behavior have benefitted Associated Banc-Corp (NYSE: ASB): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent important positive changes in fundamentals have benefitted Associated Banc-Corp (NYSE: ASB): the consensus estimate for December, 2024 increased significantly, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASB is expected to continue to be a modest Value Builder.

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 very high Appreciation Score of 91 but a neutral Power Rating of 43, and the Positive Value Trend Rating results.

Recent Price Action

Associated Banc-Corp (NYSE: ASB) stock increased 1.5% on 11/17/23. The shares closed at $18.18. The stock has performed in line with the market over the last nine months and has risen 7.9% during the last week.

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