Associated Banc-Corp (NYSE:ASB) has tumbled 3.55% during the past week and has dropped 4.71% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.39%. Associated Banc-Corp (NYSE:ASB) has underperformed the index by 5.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Associated Banc-Corp (NYSE:ASB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.23 and $17.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.41, notching a gain of 0.99% for the day. The total traded volume was 2,112,324 . The stock had closed at $17.24 on the previous day.
The company shares have dropped -14.91% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $20.95 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $18.08 and the 200 Day Moving Average price is recorded at $17.94.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Del Moral-Niles Christopher, officer (Chief Financial Officer) of Associated Banc-Corp, had unloaded 5,000 shares at an average price of $17.87 in a transaction dated on June 13, 2016. The total value of the transaction was worth $89,350.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Macquarie downgrades the rating on Associated Banc-Corp (NYSE:ASB). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on April 1, 2016. Currently the company Insiders own 2.09% of Associated Banc-Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.62% . Institutional Investors own 75.9% of Associated Banc-Corp shares. During last six month period, the net percent change held by insiders has seen a change of -9.62%.
Associated Banc-Corp (Associated) is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (Associated Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers, including businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer, and Business segment serves individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management, Credit Administration, Finance, Treasury, Operations, and Technology.