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ASB
Stock ticker: NYSE
AS OF
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Capitalization
2.57B

ASB Associated Banc-Corp Forecast, Technical & Fundamental Analysis

a regional bank

Industry RegionalBanks
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ASB with price predictions
08:00 PM EDT Sep 28, 2023

ASB sees MACD Histogram just turned negative

ASB saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 26, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ASB as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ASB moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ASB crossed bearishly below the 50-day moving average on August 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ASB entered a downward trend on September 01, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ASB's RSI Indicator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASB advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.650) is normal, around the industry mean (0.971). P/E Ratio (6.689) is within average values for comparable stocks, (16.141). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.860). Dividend Yield (0.050) settles around the average of (0.046) among similar stocks. P/S Ratio (1.904) is also within normal values, averaging (2.452).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ASB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ASB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Regions Financial Corp (NYSE:RF), Huntington Bancshares (NASDAQ:HBAN), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.44B. The market cap for tickers in the group ranges from 10.73K to 139.01B. HDB holds the highest valuation in this group at 139.01B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 1%. TCNB experienced the highest price growth at 28%, while BRBS experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was 6%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was -51%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 70
Price Growth Rating: 58
SMR Rating: 37
Profit Risk Rating: 83
Seasonality Score: 2 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

ASB is expected to report earnings to fall 7.84% to 51 cents per share on October 19

Associated Banc-Corp ASB Stock Earnings Reports
Q3'23
Est.
$0.52
Q2'23
Missed
by $0.03
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.04
Q3'22
Beat
by $0.03
The last earnings report on July 20 showed earnings per share of 56 cents, missing the estimate of 58 cents. With 89.08K shares outstanding, the current market capitalization sits at 2.57B.
A.I.Advisor
published Dividends

ASB paid dividends on September 15, 2023

Associated Banc-Corp ASB Stock Dividends
А dividend of $0.21 per share was paid with a record date of September 15, 2023, and an ex-dividend date of August 31, 2023. Read more...
A.I. Advisor
published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
433 Main Street
Phone
+1 920 491-7500
Employees
4118
Web
https://www.associatedbank.com
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ASB and

Correlation & Price change

A.I.dvisor indicates that over the last year, ASB has been closely correlated with FNB. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASB jumps, then FNB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASB
1D Price
Change %
ASB100%
+0.59%
FNB - ASB
85%
Closely correlated
+1.41%
ONB - ASB
84%
Closely correlated
+0.35%
WTFC - ASB
84%
Closely correlated
+0.64%
HWC - ASB
83%
Closely correlated
+1.87%
SSB - ASB
83%
Closely correlated
+0.49%
More

Groups containing ASB

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASB
1D Price
Change %
ASB100%
+0.59%
ASB
(undefined stocks)
88%
Closely correlated
-1.48%
banks
(undefined stocks)
85%
Closely correlated
-0.85%
regional banks
(undefined stocks)
85%
Closely correlated
-0.91%
stable earnings
(undefined stocks)
58%
Loosely correlated
-0.80%