A Look Into Associated Banc Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Associated Banc Inc. (NYSE:ASB) shares are trading at $21.22, experiencing a 0.84% drop in the current session. The stock has decreased by 6.27% over the past month but increased by 24.75% over the past year. The company's P/E ratio of 18.29 is higher than the Banks industry average of 16.2, suggesting potential overvaluation or expected better performance.
September 25, 2024 | 2:03 pm
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Associated Banc Inc. shares are trading at $21.22, down 0.84% today. The stock's P/E ratio of 18.29 is above the industry average, indicating potential overvaluation or expected better performance.
The article highlights ASB's current trading price and its P/E ratio compared to the industry average. The higher P/E ratio suggests that the stock might be overvalued or expected to perform better, but the recent price drop and monthly decline indicate mixed short-term signals. Therefore, the short-term impact is neutral.
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