Is Associated Banc-Corp (ASB) a Stock to Watch After Gaining 4.48% This Week?

Overall market sentiment has been high on Associated Banc-Corp (ASB) stock lately. ASB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Associated Banc-Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ASB!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ASB Stock Today?

Associated Banc-Corp (ASB) stock is trading at $20.98 as of 1:16 PM on Thursday, Mar 21, a rise of $0.18, or 0.89% from the previous closing price of $20.80. The stock has traded between $20.84 and $21.25 so far today. Volume today is less active than usual. So far 696,675 shares have traded compared to average volume of 1,368,453 shares. To see InvestorsObserver's Sentiment Score for Associated Banc-Corp click here.

More About Associated Banc-Corp

Associated Banc-Corp is Wisconsin's second-largest bank with more than $20 billion in assets and nearly 300 offices. Half of its loans are in its home state, followed by 20% and 15% in neighboring Illinois and Minnesota, respectively. The rest are among 40 other states. About 30% of its portfolio is commercial real estate and construction loans. General commercial loans, home equity lines, and residential mortgages account for roughly 25%, 20%, and 20%, respectively. Click Here to get the full Stock Report for Associated Banc-Corp stock.