Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Associated Banc-Corp before investing.

In this article, we go over a few key elements for understanding Associated Banc-Corp’s stock price such as:

• Associated Banc-Corp’s current stock price and volume
• Why Associated Banc-Corp’s stock price changed recently
• Upgrades and downgrades for ASB from analysts
• ASB’s stock price momentum as measured by its relative strength

About Associated Banc-Corp (ASB)

Before we jump into Associated Banc-Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals and businesses. It offers a range of financial products, serving approximately 100 communities throughout Wisconsin, Illinois and Minnesota. Its segments include Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The Corporate and Commercial Specialty consists of lending and deposit solutions to larger businesses, developers, not-for-profits, municipalities, and financial institutions, and the support to deliver, fund, and manage such banking solutions. The Community, Consumer, and Business segment consists of lending and deposit solutions to individuals and small to mid-sized businesses. The Risk Management and Shared Services includes key shared corporate functions, parent company activity, and intersegment eliminations.

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Associated Banc-Corp’s Stock Price as of Market Close

As of October 20, 2023, 4:00 PM, CST, Associated Banc-Corp’s stock price was $15.48.

Associated Banc-Corp is down 5.61% from its previous closing price of $16.40.

During the last market session, Associated Banc-Corp’s stock traded between $16.32 and $16.87. Currently, there are 149.99 million shares of Associated Banc-Corp stock available for purchase.

Associated Banc-Corp’s price-earnings (P/E) ratio is currently at 6.5, which is low compared to the Banks industry median of 7.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Associated Banc-Corp Stock Price History

Associated Banc-Corp’s (ASB) price is currently down 9.53% so far this month.

During the month of October, Associated Banc-Corp’s stock price has reached a high of $17.17 and a low of $15.16.

Over the last year, Associated Banc-Corp has hit prices as high as $25.50 and as low as $14.47. Year to date, Associated Banc-Corp’s stock is down 31.47%.

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What Caused Associated Banc-Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 19, 2023, there were 6 analysts who downgraded Associated Banc-Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Associated Banc-Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Associated Banc-Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Associated Banc-Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Associated Banc-Corp (ASB) by visiting AAII Stock Evaluator.

Relative Price Strength of Associated Banc-Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 19, 2023, Associated Banc-Corp has a weighted four-quarter relative price strength of -8.83%, which translates to a Momentum Score of 38 and is considered to be Weak.

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Associated Banc-Corp Stock Price: Bottom Line

As of October 20, 2023, Associated Banc-Corp’s stock price is $15.48, which is down 5.61% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Associated Banc-Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.