For its first fiscal quarter (ending March 31), Associated Banc-Corp (NYSE: ASB) has reported E.P.S. of $0.52 compared to $0.67 a year ago. E.P.S. were $0.98 for the latest four quarters through March 31 versus $2.55 for the same period a year ago.
Recent Price Action
On 4/25/24, Associated Banc-Corp (NYSE: ASB) stock rose slightly by 0.1%, closing at $21.37. Moreover, trading volume in this advance was above average at 141% of normal. The stock has risen 7.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ASB is expected to continue to be a Value Builder.
Associated Banc-Corp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Associated Banc-Corp has a very high Appreciation Score of 88 and a very high Power Rating of 90, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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