With 2.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.69 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $26.54 whereas the lowest price it dropped to was $26.03. The 52-week range on ASB shows that it touched its highest point at $28.18 and its lowest point at $18.62 during that stretch. It currently has a 1-year price target of $27.78. With its current market cap of 4.25 billion, ASB has annualized dividend of $0.89 while the current yield stands at 3.42%. Beta for the stock currently stands at 0.92.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASB was down-trending over the past week, with a drop of -2.47%, but this was up by 8.63% over a month. Three-month performance surged to 22.64% while six-month performance rose 26.32%. The stock gained 38.47% in the past year, while it has gained 21.83% so far this year. A look at the trailing 12-month EPS for ASB yields 1.19 with Next year EPS estimates of 2.35. For the next quarter, that number is 0.52. This implies an EPS growth rate of -6.04% for this year and 10.02% for next year. EPS is expected to grow by 6.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.80%.
Float and Shares Shorts:
At present, 163.25 million ASB shares are outstanding with a float of 161.55 million shares on hand for trading. On 2024-11-15, short shares totaled 3.43 million, which was 227.0 higher than short shares on 1728950400. In addition to Mr. Andrew John Harmening as the firm’s President, CEO & Director, Mr. Derek S. Meyer serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.79843 of ASB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASB since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASB analysts setting a high price target of 30.0 and a low target of 24.0, the average target price over the next 12 months is 27.44444. Based on these targets, ASB could surge 15.12% to reach the target high and fall by -7.9% to reach the target low. Reaching the average price target will result in a growth of 5.31% from current levels.
Analysts have provided yearly estimates in a range of $2.17854 being high and $2.0786 being low. For ASB, this leads to a yearly average estimate of $2.12857. The surprise factor in the prior quarter was $0.51. Based on analyst estimates, the high estimate for the next quarter is $0.57 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.51.
