On September 12, 2024, Lith Van, Director of Associated Banc-Corp (ASB, Financial), executed a sale of 8,061 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 54,114 shares of Associated Banc-Corp.
Associated Banc-Corp, headquartered in Green Bay, Wisconsin, operates as a bank holding company. The company, through its banking subsidiary, provides various banking and non-banking services to individuals and businesses. These services include commercial banking, retail banking, and private banking, along with insurance and investment services.
Over the past year, the insider has sold a total of 13,560 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 14 insider sells and no insider buys over the past year.
On the day of the sale, shares of Associated Banc-Corp were trading at $20.48. The company has a market cap of approximately $3.09 billion. The price-earnings ratio of the stock stands at 17.65, which is above both the industry median of 10.04 and the company's historical median.
According to the GF Value, the intrinsic value of Associated Banc-Corp is estimated at $22.41 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.91. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future prospects and current valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
